By Ben Zeisloft
DailyWire.com
In another surprise to labor market analysts, initial filings for unemployment insurance saw an uptick for the week ending July 3.
As CNBC reports:
First-time jobless claims totaled 373,000 for the week ended July 3, compared with the 350,000 Dow Jones estimate. The previous week’s level was revised up by 7,000 from 364,000 to 371,000.
Other weekly Department of Labor reports show similar results. For instance, 412,000 people filed initial claims for the week ending June 12 — a figure that exceeded analysts’ predictions by nearly 15%.
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