U.S. Unemployment Benefits Claims Jumps

The number of Americans filing new claims for unemployment insurance increased by the most in nearly a year during the week that included the Memorial Day holiday.

Initial claims for state unemployment benefits rose 27,000 to a seasonally adjusted 229,000 for the week ended June 4.

The figure topped estimates projected by some economists.

On an unadjusted basis, claims rose by about 1,000.

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Yvad Billings Readers Bureau, Contributor

Edited by Jesus Chan

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