U.S. Jobless Claims Held Near Historic Lows Last Week
Share this @internewscast.com



New applications for unemployment benefits ticked down last week and hovered near historic lows, a sign the U.S. labor market remains tight despite indications of an economic slowdown.

Initial jobless claims, a proxy for layoffs, fell to a seasonally adjusted 229,000 last week from the previous week’s revised level of 231,000, the Labor Department said Thursday. That is slightly above the 2019 prepandemic weekly average of 218,000, when the job market was also historically tight.

Share this @internewscast.com
You May Also Like

De Jong Fan Treatment In Gamper Trophy Could Decide Player’s FC Barcelona Future

Frenkie de Jong could be treated badly by FC Barcelona fans today…

After A Boom On Employment Can Stocks Carry The Momentum?

After a much stronger than expected jobs number, Wall St. braces for…

China’s Export Growth Stays Unexpectedly Robust, Offsetting Broader Weakness

HONG KONG—China’s export machine remained surprisingly resilient in July following a strong…

U.S. Trade Deficit Narrows as Energy Exports Rise

The U.S. trade deficit narrowed sharply in June to its lowest level…

Shale Drillers Warn of Higher Costs as They Report Record Profits

Shale companies are reporting banner profits but are warning that inflation in…

Predicting The Green Bay Packers’ 53-Man Roster

Green Bay Packers general manager Brian Gutekunst has some tricky roster decisions…

Stevie Ray Beats Anthony Pettis Again, Advances To The Championship

Stevie Ray tries to lock on a chokehold on Anthony Pettis during…

U.S. Jobless Claims Rose Last Week to Near High for Year

Worker filings for unemployment benefits rose last week, holding close to the…