Initial unemployment claims rise 20,000 in latest report to highest level since late February 2015

In the week ending May 7, initial claims were 294,000, an increase of 20,000 from the previous week’s unrevised level of 274,000. The 4-week moving average was 268,250, an increase of 10,250 from the previous week’s unrevised average of 258,000.

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