Mumbai, Sept. 12 -- First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday.
The report said initial jobless claims climbed to 263,000, an increase of 27,000 from the previous week's revised level of 236,000.
With the unexpected increase, jobless claims reached their highest level since hitting 268,000 in the week ended October 23, 2021.
The Labor Department said the less volatile four-week moving average also rose to 240,500, an increase of 9,750 from the previous week's revised average of 230,750.
Meanwhile, the report said continuing claims, a reading on the number of people receiving ongoing unemployment assistance cam...