The number of Americans filing for first-time jobless benefits rose by 10,000 last week, the Department of Labor announced Thursday, bringing the number of people filing for unemployment benefits to a one-month high and exceeding analysts' expectations.
The seasonally adjusted number of insured unemployed rose to 383,000 in the week ended May 26, which is down 9.6 percent from 424,000 in the same week last year. The four-week moving average of the jobless eligible for unemployment insurance was up by 3,750. The insured unemployment rate stood at 2.6 percent for the week ended May 19, unchanged from the previous week.
Economists surveyed by Bloomberg News expected jobless claims of 370,000.
