(Bloomberg) -- U.S. jobless-benefit claims remain low despite an increase last week, with the labor market otherwise exhibiting signs of continued tightening, Labor Department data showed Thursday.
| Highlights of Jobless Claims (Week Ended May 27) |
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Key Takeaways
Despite the increase in the headline figure, which was the largest in a month, the number of Americans filing for benefit claims continues to hover near a 43-year-low. Last week's data had an unusually large portion come from estimates, as eight states including California and Texas -- the two most populous -- had approximated figures ahead of the Memorial Day holiday. The labor market probably registered another solid performance last month, with a projected 180,000 additions to payrolls and the unemployment rate holding at a decade-low of 4.4 percent. The Labor Department releases those monthly figures for May on Friday.
Other Details
- Previous week's initial claims revised to 235,000 from 234,000
- Unemployment rate among people eligible for benefits remained unchanged at 1.4 percent
- The eight states with estimated figures also included Hawaii, Kansas, Kentucky, Louisiana, North Dakota and Virginia
To contact the reporter on this story: Patricia Laya in Washington at playa2@bloomberg.net.
To contact the editors responsible for this story: Scott Lanman at slanman@bloomberg.net, Randall Woods
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