Jobless Claims Increase is Highest in Two Months

he number of U.S. workers filing for initial unemployment benefits rose to the highest level in two months, the Labor Department reported Thursday.

Initial jobless claimed jumped 25,000 in the week ended May 28, Labor said.

Jobless claims rose to 350,000 claims, the highest since the week ended March 26. The level exceeded economists' forecast of a rise to 325,000, Bloomberg reported.

The number of people filing continuing jobless claims increased to 2.602 million the week ended May 21 from 2.57 million the previous week.

The four-week average of continuing claims rose to 2.591 million, from 2.586 million.

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