Jobless claims up 18,000 last week

Still, 354,000 level reflects moderate employment growth

Posted: June 21, 2013 at 3:28 a.m.

Applications for U.S. unemployment benefits rose by 18,000 last week to a seasonally adjusted 354,000. Despite the gain, the level remains consistent with moderate job growth.

This story is only available from our archives.

Business, Pages 29 on 06/21/2013


« Previous Story

Business news in brief

QUOTE OF THE DAY “China’s interbank market is basically frozen — much like credit markets froze in the United States right after Lehman failed. Rates are being quoted, but ... Read »

Next Story »

Fearful Chinese hold off lending

A floor trader sleeps Thursday on the Hong Kong Stock Exchange. Interest rates that China’s banks pay each other to borrow money rose to a record high of 13.44 percent Thursday, and stocks on Asian markets plummeted.

China’s financial system is in the throes of a cash crunch, with interbank lending rates spiking Thursday, eve... Read »