Weekly Jobless Claims Spike

STATE – Jobless claims jumped by 25,000, to 471,000 for the week ending May 15 according to data released today by the federal government. The 4-week moving average was 453,500, an increase of 3,000 from the previous week’s unrevised average of 450,500.

In New Jersey, new unemployment claims increased by 2,362 for the week ending May 8. Officials blamed the increase on layoffs in the transportation, warehousing, construction, trade, service, and manufacturing industries.

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