US Continuing Jobless Claims Increase for a Ninth Straight Week

Recurring applications for US jobless benefits rose for a ninth straight week in the longest stretch since 2018, indicating a growing number of people are having difficulty finding a new job.

Continuing claims, a proxy for the number of people receiving benefits, increased to 1.86 million in the week ended June 22, the highest since November 2021, according to Labor Department data released Wednesday. First-time claims rose by 4,000 to 238,000 last week.