Yahoo! Finance
The state of employment in the U.S. took centerstage Thursday when the U.S. Labor Department released its weekly jobless claims report. An additional 1.877 million Americans filed for unemployment benefits in the week ending May 30, exceeding economists’ estimates for 1.843 million initial jobless claims during the week. The prior week’s figure was revised higher to 2.13 million from the previously reported 2.12 million. Over the past 11 weeks, more than 42 million Americans have filed for unemployment insurance.