Initial Unemployment Claims Increase by 5,000
From Associated Press
The Labor Department reported that 310,000 newly laid off workers applied for jobless benefits last week, up 5,000 from the week before.
Last week’s increase followed a drop of 32,000 in the previous week and left claims at a level indicating the labor market remained healthy.
The less-volatile four-week moving average for claims edged down to 318,250 from 318,500 the previous week.
