Economics

U.S. Initial Jobless Claims Are Higher Than Estimates at 411,000

  • Applications resumed downward trend after rising in prior week
  • California and Illinois posted some of the biggest declines
An employee inspects a tire at a bicycle production facility in Manning, South Carolina.Photographer: Micah Green/Bloomberg
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Applications for U.S. state unemployment insurance fell slightly last week, though were higher than forecast, as the labor market meanders toward a full recovery.