U.S. Initial Jobless Claims Unexpectedly Rose for a Second Week
Applications for U.S. state unemployment benefits unexpectedly rose last week, led by a surge in claims in California, a sign of choppy weekly data as the labor market continues its broad recovery.
Initial unemployment claims in regular state programs rose to 351,000 in the week ended Sept. 18, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for a decrease to 320,000 new applications.
Continuing claims for state benefits increased to 2.8 million in the week ended Sept. 11.
The rise in claims reflects...