Number of Americans filing for jobless claims is elevated for second straight week

By MATT OTT
AP Business Writer

The number of Americans applying for unemployment benefits remained elevated last week, a possible sign that the Federal Reserve’s interest rate hikes over the past year may taking hold in what’s been a resilient job market. The Labor Department reported Thursday that U.S. applications for jobless claims were 262,000 for the week ending June 10, more than analysts were expecting. This week’s number mirrors last week’s, which was revised up by 1,000. The claims numbers for the past two weeks are the highest since October of 2021. Overall, 1.78 million people were collecting unemployment benefits the week that ended June 3.