The number of people filing new unemployment claims spiked last week, the latest economic indicator that's troubling economists.
Data released by the Department of Labor Thursday showed that for the week ending June 12, unemployment claims hit 412,000, a jump of 37,000 from the previous week. That increase comes after several weeks of steadily declining claims.
Next week’s report will show whether the most recent data was an anomaly or if it may be a reversal of the previous trend.
The data comes after the White House touted a steady drop in jobless claims last week.
Support this podcast: https://podcasters.spotify.com/pod/show/america-in-focus/support
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
