New applications for unemployment benefits rose 3,000 to 241,000 in the second full week of June, the Department of Labor reported Thursday.
Forecasters had expected jobless claims to remain around 240,000, near the very low levels of recent months.
Low jobless claims are a good sign. They indicate that layoffs are rare. Investors and officials at the Federal Reserve watch them because they are collected from state unemployment agencies and published weekly, giving an up-to-date measure of the economy’s health.
This post originally appeared on Washington Examiner