Americans had good reason to celebrate as the unofficial start of summer kicked off last week: very few workers are losing their jobs to layoffs.
The seasonally adjusted number of initial claims for unemployment benefits climbed last week to 225,000, the highest figure in four months, according to data from the Labor Department released Thursday. The four-week moving average of initial claims rose by 6,500 to 214,750.
The previous week’s level was revised down by 3,000 from 215,000 to 212,000. The four-week average was revised down by 750 to 208,250.
Economists had forecast around 215,000 initial claims.
But the rise in weekly claims was driven…
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