The number of Americans filing for unemployment benefits has risen, adding to concerns about the health of the nation’s economy. The increase in jobless claims suggests that companies are beginning to cut back on hiring or are laying off workers in response to slowing demand.

The Labor Department reported that initial claims for state unemployment benefits totaled 320,000 for the week ending December 1st, an increase of 10,000 from the previous week’s revised figure of 310,000. Economists had been expecting a smaller increase.

The four-week moving average, which is considered a more reliable indicator of labor market trends, rose to 315,000, an increase of 2,500 from the previous week’s revised average. This marks the highest level for the four-week moving average in several months.

Analysts say that the increase in jobless claims is a worrying sign, as it suggests that the labor market is beginning to weaken. A weaker labor market could lead to slower economic growth, as consumers have less money to spend.

The report also showed that the number of people continuing to receive unemployment benefits rose to 2.53 million, an increase of 20,000 from the previous week’s revised figure.

Some economists believe that the rise in jobless claims is a temporary phenomenon, caused by seasonal factors or one-time events. However, others are concerned that it is a sign of a more serious economic slowdown.

The Federal Reserve is closely watching the labor market data as it considers whether to cut interest rates further. Lower interest rates could help to stimulate the economy, but they could also lead to higher inflation.

The next meeting of the Federal Open Market Committee is scheduled for December 11-12.