U.S. weekly jobless claims increase to two-month high; trend still low

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Reuters

By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose to a two-month high last week, a reminder that the labor market was far from being out of the woods as the nation confronts a resurgence in new COVID-19 infections. Still, the weekly jobless claims report from the Labor Department on Thursday, showed more people are returning to work, a trend that bodes well for July’s employment report. The Delta variant of the coronavirus is behind the latest outbreak, with states that have low vaccination rates worst affected. “The rise in joble…

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