US jobless claims increased 18k to 241k last week, the highest since the week of February 22nd and above expectations of 224k initial claims.

• Not seasonally adjusted initial claims increased 12.9k to 223.6k.
• Continued claims jumped 88k to 1.916 million, the highest since November 2021 and well above expectations of 1.880 million.
• The insured unemployment rate increased 0.1 ppts to 1.3%.
• Total federal employment initial claims (UCFE) fell -187 to 470, still slightly higher than a year ago.