Still not good.
Applications for jobless benefits increased 10,000 to 354,000 in the week ended May 25, Labor Department figures showed today in Washington. Economists called for 340,000 claims, according to the median forecast in a Bloomberg survey.
The four-week moving average of claims, a less-volatile measure, climbed to 347,250 from 340,500.
The number of people continuing to collect jobless benefits rose by 63,000 to 2.99 million in the week ended May 18. The continuing claims figure does not include the number of workers receiving extended benefits under federal programs.
Those who’ve used up their traditional benefits and are now collecting emergency and extended payments decreased by about 50,000 to 1.73 million in the week ended May 11.