U.S. weekly jobless claims total 1.427 million, vs 1.38 million expected

People line up outside Kentucky Career Center prior to its opening to find assistance with their unemployment claims in Frankfort, Kentucky, U.S. June 18, 2020.

Bryan Woolston | Reuters

The number of Americans filing for unemployment benefits for the first time rose more than expected last week as the coronavirus pandemic continues to pressure the U.S. economy.

The Labor Department said Thursday that initial jobless claims rose by 1.427 million in the week ending June 27. Economists polled by Dow Jones expect initial U.S. jobless claims to rise by another 1.38 million for the week ending June 27. 

The data also showed the number of continuing claims — the number of people receiving unemployment benefits for consecutive weeks — rose to 19.29 million, an increase of about 59,000.

This is breaking news. Please check back for updates. 

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