Weekly jobless claims surge to 241,000, greater than anticipated, in newest signal of financial bother

Initial unemployment claims posted an surprising building up closing week in a possible bother signal for the wobbling U.S. financial system.

First-time filings for unemployment insurance coverage totaled 241,000 for the week finishing April 26, up 18,000 from the prior duration and better than the Dow Jones estimate for 225,000, the Labor Department reported Thursday.

Continuing claims, which run every week at the back of and supply a broader view of layoff tendencies, rose to 1.92 million, up 83,000 to the perfect stage since Nov. 13, 2021.

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