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U.S. jobless claims rise more than expected, 4.8 million jobs added

Christian Fernsby ▼ | July 2, 2020
The number of Americans filing for unemployment benefits for the first time rose more than expected last week as a resurgent coronavirus added pressure to the U.S. economy.
U.S. unemployment
America   U.S. unemployment
The Labor Department said that initial jobless claims rose by 1.427 million. Economists polled by Dow Jones had expected a rise of 1.38 million for the week ending June 27.

Topics: U.S. jobless jobs

In a separate report, the Labor Department said 4.8 million jobs were added in June, but that survey was taken in the middle of the month and likely doesn’t reflect the reopening pauses and rollbacks of some states recently. Stock futures jumped as investors chose to focus on the much better than expected monthly report.