U.S. weekly jobless claims jump to 1-1/2-year high

WASHINGTON – The number of Americans filing new claims for unemployment benefits surged last week, suggesting that the labor market was slowing amid mounting risks of a recession. Initial claims for state unemployment benefits jumped 28,000 to a seasonally adjusted 261,000 for the week ended June 3, the Labor Department said on Thursday. Economists polled by Reuters … Continue reading U.S. weekly jobless claims jump to 1-1/2-year high