By Jeffry Bartash, MarketWatch
The number of Americans who applied for unemployment benefits in early May jumped for a third week in a row to 294,000, hitting a 14-month high and adding to evidence that the U.S. labor market may have weakened.
Commentary by: Lynn Cheramie, Founder, Freedom Fighters of America
I thought unemployment was only 5% and we only have 62% of America out of work. Wow this is surprising.
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The number of Americans who applied for unemployment benefits in early May jumped for a third week in a row to 294,000, hitting a 14-month high and adding to evidence that the U.S. labor market may have weakened.
The last time weekly claims were that high: Feb 28, 2015.
Economists polled by MarketWatch had expected claims to fall to 270,000 in the period stretching from May 1 to May 7. Initial claims totaled 274,000 in the prior week.
Commentary by: Lynn Cheramie, Founder, Freedom Fighters of America
I thought unemployment was only 5% and we only have 62% of America out of work. Wow this is surprising.
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