– New claims for U.S. unemployment benefits rose slightly more than expected in the week ended July 16th, according to figures released Thursday by the Labor Department.
According to the report, which adjusts for seasonal factors including annual factory shutdowns and other considerations, some 418,000 Americans filed new claims for unemployment during the week.
That marks an increase of 10,000 from the previous week’s revised figure of 408,000 and is slightly higher than the 415,000 predicted by most economists.
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