U.S. Unemployment Claims at Highest Level in 6 Weeks
A week after reaching a five-year low, Americans seeking unemployment benefits rose by 32,000. This is the highest level in six weeks. Although the job market has improved in the lat six months, unemployment applications continue to fluctuate each week. The Associated Press reports:
"The underlying story in jobless claims continues to be one of gradual improvement," said Julia Coronado, an economist at BNP Paribas. Coronado said the small rise in applications "highlight(s) the need to take volatile weekly readings with a grain of salt."
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