US weekly jobless claims unexpectedly jump to 362,000 as government creeps toward default
Filings for unemployment insurance jumped again last week, signaling continued weakness in the labor market's rebound.
The print places claims further above pandemic-era lows and marks a third straight increase. The prior week's count of 351,000 claims went unrevised. The Thursday data comes during a critical week for Congress and the broad economic recovery. Lawmakers are staring down key deadlines to keep the government funded and avoid an unprecedented default on government debt, and brinkmanship between Democrats and Republicans has delayed simple fixes.
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