A hiring sign is displayed in Riverwoods, Ill., Tuesday, April 16, 2024. On Thursday, April 18, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week. The number of Americans filing for jobless benefits didn’t change last week as the labor market continues to defy efforts by the Federal Reserve to cool hiring.
The Labor Department reported Thursday that unemployment claims for the week ending April 13 were unchanged from the previous week’s 212,000. The four-week average of claims, which softens some of the weekly volatility, was also unchanged at 214,500. Weekly unemployment claims are considered a proxy for the number of U.S. layoffs in a given week and a sign of where the job market is headed. They have remained at historically low levels since the pandemic purge of millions of jobs in the spring of 2020.
In total, 1.81 million Americans were collecting jobless benefits during the week that ended April 6, an increase of 2,000 from the previous week.