UNEMPLOYMENT CLAIMS IN TENNESSEE INCREASED LAST WEEK

Initial filings for unemployment benefits in Tennessee rose last week compared with the week prior, the U.S. Department of Labor said Thursday.

New jobless claims, a proxy for layoffs, increased to 5,008 in the week ending May 25, up from 3,118 the week before, the Labor Department said.

U.S. unemployment claims rose to 219,000 last week, up 3,000 claims from 216,000 the week prior on a seasonally adjusted basis.

North Dakota saw the largest percentage increase in weekly claims, with claims jumping by 91.4%. New Hampshire, meanwhile, saw the largest percentage drop in new claims, with claims dropping by 21.9%.

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