Jobs picture darkens as new unemployment claims rise to 484K, highest level since February
The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months.
It’s a sign that hiring remains weak and employers may be going back to cutting their staffs. Analysts say the increase suggests companies won’t be adding enough workers in August to lower the 9.5 percent unemployment rate.
First-time claims for jobless benefits edged up by 2,000 to a seasonally adjusted 484,000, the Labor Department said Thursday. That’s the highest total since February. Analysts had expected claims to fall.