The Ministry of Labor announced weekly data on applications for unemployment benefits.
Accordingly, the number of first-time applicants for unemployment benefits in the country reached 238 thousand in the week ending June 29, an increase of 4 thousand people compared to the previous week.
The market expectation for unemployment benefit applications was that the number of applications would be 234 thousand.
The previous week's data on the number of applications for unemployment benefits was revised from 233 thousand to 234 thousand.
As of last week, the 4-week average number of applications for unemployment benefits increased by 2,250 people to 238,500.
The number of applications for ongoing unemployment benefits also increased by 26 thousand people to 1 million 858 thousand in the week ending June 22, reaching the highest level since November 2021.
