The government says the number of newly laid-off workers filing first-time claims for jobless benefits rose last week, though the increase was mostly due to seasonal distortions.
The Labor Department says new claims for unemployment insurance increased by
25,000 to a seasonally adjusted
584,000, above analysts' estimates of
570,000.
The increase comes after claims were artificially lowered earlier this month by the timing of auto factory shutdowns, which happened earlier this year than usual.
WHEN IS IT GOING TO END?
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