Jobless claims in the U.S. soared by 32,000 filings for the week ending May 11, reaching 360,000 total claims.
Comparatively, that is up from the previous week’s revised figure of 328,000 filings.
The four-week moving average hovered at 339,250, up by 1,250 filings from a week earlier.
Analysts with Econoday called it the highest jobless claims report in two months.
"There are no special factors to explain away the gain that lifts the 4-week average by 1,250 to 339,250 which, despite the increase, is still more than 20,000 below the month-ago trend to hint at improvement for the May employment report," Econoday said.