Continuing unemployment benefit claims have risen to the highest level since February, a sign that the Federal Reserve’s historic tightening cycle is beginning to buffet the economy.
Continuing claims rose by 62,000 to 1.7 million in the week ending Nov. 26, the Labor Department reported Thursday. The numbers show that people who are losing their jobs or quitting are beginning to have trouble finding new work, an indication that the tight labor market is fading into the past.
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