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AP-National

The number of Americans filing for jobless benefits jumps to the highest level in 10 months

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Published 8:00 AM

By MATT OTT
AP Business Writer

The number of Americans filing for jobless benefits jumped to the highest level in 10 months last week, a sign that the labor market is likely cooling under the weight of high interest rates. Unemployment benefit applications for the week ending June 8 rose by 13,000 to 242,000, up from 229,000 the week before, the Labor Department reported Thursday. That’s significantly more than the 225,000 new claims analysts were expecting. Weekly unemployment claims are seen as a stand-in for the number of U.S. layoffs in a given week and a sign of where the job market is headed.

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