U.S. Weekly Jobless Claims Rebound Less Than Expected

First-time claims for U.S. unemployment benefits rebounded in the week ended July 25th, according to a report released by the Labor Department on Thursday, with claims bouncing off the more than forty-year low set in the previous week.

The report said initial jobless claims climbed to 267,000, an increase of 12,000 from the previous week’s unrevised level of 255,000. Economists had expected claims to rise to about 272,000.

The previous week’s unrevised figure represented the lowest number of initial jobless claims since November of 1973.

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