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US weekly jobless claims rise

Initial claims for unemployment insurance in the U.S. rose by 13,000, to 248,000, after seasonal adjustments for the week that ended May 27, compared with the prior week's revised level of 235,000, data from the U.S. Department of Labor showed. The previous week's unrevised figure was 234,000.

The four-week moving average rose by 2,500, to 238,000, from the previous week's revised average of 235,500.

The advance seasonally adjusted insured unemployment rate for the week that ended May 20 was unchanged at 1.4%, with insured unemployment falling by 9,000, to 1,915,000, from the previous week's revised level of 1,924,000.