US applications for jobless benefits rise to highest level in two months, but layoffs remain low
A live TV news station covering breaking news and traffic for Colorado Springs, Pueblo, and Southern Colorado with a strong investigative team The number of Americans applying for jobless benefits rose to its highest level in two months, according to the Labor Department. The Labor Department reported that unemployment claims for the week ending March 30 increased by 9,000 to 221,000 from the previous week's 212,000. This is a proxy for the number of U.S. layoffs. Despite elevated interest rates, layoffs remain at historically low levels. In total, 1.79 million Americans were receiving jobless benefit during the week that ended March 23, a decline of 19,000 compared to the previous year's average of 212,500.
Published : 4 weeks ago by in Business
The number of Americans applying for jobless benefits rose to their highest level in two months last week, but layoffs remain at historically low levels as the labor market continues to chug along despite elevated interest rates. The Labor Department reported Thursday that filings for unemployment claims for the week ending March 30 climbed by 9,000 to 221,000 from the previous week’s 212,000. In total, 1.79 million Americans were collecting jobless benefits during the week that ended March 23, a decline of 19,000 from the previous week. Weekly unemployment claims are considered a proxy for the number of U.S. layoffs in a given week.
Topics: Unemployment