U.S. initial jobless claims rise by 11,000 to 239,000 in latest week
The numbers: The number of Americans who applied for unemployment benefits last week rose by 11,000 to 239,000, indicating a small but steady increase in layoffs in a generally strong U.S. labor market.
The number of people applying for unemployment benefits is one of the best barometers of whether the economy is getting better or worse. Big picture: Wall Street is watching jobless benefits closely because it’s one of the first indicators to start blinking red when the U.S. is headed toward recession.
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