Applications for U.S. state unemployment benefits unexpectedly rose for a third straight week, led by another surge in California, and reflecting choppiness in weekly data.
Initial unemployment claims in regular state programs rose to 362,000 in the week ended Sept. 25, a seven-week high, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for a decrease to 330,000 new applications.
Continuing claims for state benefits fell to 2.8 million in the week ended Sept. 18.
The increase likely underscores swings in weekly data as employers are desperate to hire more workers and hang onto the