WASHINGTON — Initial claims for U.S. state unemployment benefits jumped a bit more than expected in the July 20 week, rising by 7,000 to 343,000 to more than reverse the previous week's slide, the Labor Department reported Thursday.

Expectations for this week's report was for a claims level of 340,000, an increase of 6,000 from the previously reported 334,000 level in July 13 employment survey week.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.