US Jobless claims climb to highest since June

Applications for US unemployment benefits unexpectedly rose last week to the highest level since the end of June, underscoring the risk of further weakness in the labor market. Jobless claims climbed by 11,000 to 428,000 in the week ended September 10 (that included the Labor Day holiday), figures from the Labor Department showed in Washington on Thursday. Economists surveyed by Bloomberg News projected a drop in claims to 411,000, according to the median forecast.

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