US Jobless Claims Hit 5-Month High, But Unemployment Rolls Are At Their Lowest Since 1969

US Jobless Claims Hit 5-Month High, But Unemployment Rolls Are At Their Lowest Since 1969
Job seekers look over job opening fliers at a WorkSource exhibit. David McNew/Getty Images
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Despite a strong employment scene, U.S. jobless claims rose to their highest levels in nearly five months around Memorial Day, with 27,000 claims submitted, according to a report from the Labor Department released on June 9.

Claims for the week ending June 4 totaled 229,000—the highest since mid-January, well ahead of the 210,000 Dow Jones estimate, as the labor market still remains tight.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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