News Formal

US jobless claims filings highest since 2021, but job market remains healthy

  • 📰 KSLcom
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The number of Americans filing for jobless claims last week rose to its highest level in a year-and-a-half, though the labor market remains healthy by historical standards.

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 549. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNN - 🏆 4. / 95 Read more »