Jobless Claims Rise Slightly But Recurring Applications Surge
Continuing claims, a proxy for people who are already receiving benefits and still can’t find a job, jumped to 1.9 million in the week ended Jan. 11, the highest since November 2021, according to Labor Department data released Thursday. Initial claims increased by 6,000 to 223,000 last week.
WASHINGTON, Jan 16 (Reuters) - The number of Americans filing new applications for unemployment benefits increased more ...
Data released today, Jan. 23, by the US Labor Department showed that initial claims increased by 6,000 to 223,000, compared to expectations of a rise to 211,000. Meanwhile, the four-week moving ...
New unemployment claims are near pre-pandemic levels, indicating a strong labor market, but rising continuing claims suggest many are struggling to find work.
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