Jobless claims for the week ending on June 4 hit 229,000, the highest since January.
The number of jobless claims increased by 27,000 from the last period, and it greatly surpassed the Dow Jones estimate of 210,000, according to a report.
Jobless claims of this magnitude were last recorded in January.
FAILED KAVANAUGH ASSASSINATION GIVES BOTH PARTIES AMMUNITION FOR THE BLAME GAME
However, continuing claims sit relatively unmoved at slightly over 1.3 million, below estimates.
Volatility in the number of claims can be attributed to a four-week moving average for continuing claims, the report noted.
The rise in weekly claims arrives days after the nonfarm payrolls increased by 390,000 in May, according to the Bureau of Labor Statistics.
The Federal Reserve is starting the process of a rate-hiking cycle with the purpose of lowering inflation, according to the report.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
Officials at the Fed intend to slow the labor market without risking an uptick in unemployment, which sits around 3.6%, the report noted.
