Recent data has shown an incremental increase in then number of Americans seeking unemployment benefits.
The number of Americans filing new applications for unemployment benefits fell more than expected last week, easing fears of an unraveling labor market that had sent markets into a tailspin.
Government data last week showed the layoffs rate in June was the lowest in more than two years. The slowdown in the labor market is being driven by less aggressive hiring as the Fed’s interest rate hikes in 2022 and 2023 dampen demand.The latest jobs data shows a rise in unemployment — a reversal of a trend indicating a robust labor market in recent years.
Jobless Rate Recession Unemployment Unemployment Benefits
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
More Americans apply for jobless benefits as layoffs settle at higher levels in recent weeksU.S. filings for unemployment benefits rose again last week and appear to be settling consistently at a slightly higher though still healthy level.
Read more »
More Americans apply for jobless benefits as layoffs settle at higher levels in recent weeksU.S. filings for unemployment benefits rose again last week and appear to be settling consistently at a slightly higher though still healthy level.
Read more »
More Americans apply for jobless benefits as layoffs settle at higher levels in recent weeksU.S. filings for unemployment benefits rose again last week and appear to be settling consistently at a slightly higher though still healthy level. The Labor Department reported Thursday that jobless claims for the week ending July 13 rose by 20,000 to 243,000 from 223,000 the previous week.
Read more »
More Americans apply for jobless benefits as layoffs settle at higher levelsU.S. filings for unemployment benefits rose again last week and appear to be settling consistently at a slightly higher though still healthy level
Read more »
Fewer Americans apply for jobless claims last week as labor market remains sturdyFewer Americans filed for unemployment benefits last week as the labor market remains sturdy despite high interest rates. The Labor Department reported Thursday that jobless claims for the week ending July 6 fell by 17,000 to 222,000 from 239,000 the previous week.
Read more »
Fewer Americans apply for jobless claims last week as labor market remains sturdyFewer Americans filed for unemployment benefits last week as the labor market remains sturdy despite high interest rates.
Read more »