Quantcast

<p>About 360,000 people filed for initial jobless claims in the week ended July 6, up 16,000 from the previous week -- and the highest level since mid-May -- the Labor Department said Thursday. </p>

About 360,000 people filed for initial jobless claims in the week ended July 6, up 16,000 from the previous week -- and the highest level since mid-May -- the Labor Department said Thursday.

Stories this photo appears in:

Tease photo

Jobless claims rise as 'July effect' hits

The number of Americans filing for first-time unemployment benefits rose to a two-month high last week, but economists were quick to brush off the rise as a result of volatile number-crunching, rather than a discouraging sign for the economy.