WASHINGTON —
Applications for unemployment benefits for the week ending May 6 rose by 22,000 to 264,000, the Labor Department reported Thursday. That's up from the previous week's 242,000 and the highest since November of 2021. The weekly claims numbers are seen as representative of the number of U.S. layoffs. The four-week moving average of claims, which evens out some of the weekly volatility, rose by 6,000 to 245,250.
For the week of April 29, the total number of Americans collecting unemployment benefits rose by 12,000 from the previous week to 1.81 million., economic uncertainty and fears of a looming recession.
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Annual inflation cooled last month to the lowest level since April 2021 | CNN BusinessIt's been a two-year slog of enduring painfully high prices, but the light at the end of the tunnel just got slightly brighter for consumers.
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