US Continuing Jobless Claims Rise to 1.972 Million, Marking the Largest Increase in Three Months

According to ChainCatcher, citing Jinshi News, the number of initial jobless claims in the United States last week recorded the largest increase in nearly three months, rising by 11,000 to 235,000. This marks the biggest jump since the end of May. Continuing jobless claims increased by 30,000 to 1.972 million, reaching the highest level since November 2021, indicating a rise in layoffs and clear signs of a weakening labor market.