US Jobless Claims Hit Eight-Month High as Labor Market Cools

On an unadjusted basis, initial claims increased to 248,991 last week. Unadjusted claims in Massachusetts rose by more than 14,000. California, South Carolina and Georgia also posted increases. New York claims fell last week after jumping in the prior period when there were more layoffs in transportation and warehousing, health care and educational services. 

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