Slightly more Americans apply for jobless benefits last week

Hiring sign is displayed in Deerfield, Ill., Wednesday, Sept. 21, 2022. Labor Department releases weekly report on unemployment benefits on Thursday, Nov. 10. – The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite job cuts that have begun to spread across industries most affected by soaring interest rates, such as housing and technology.

Applications for jobless claims, which generally track layoffs, have remained historically low this year, even as the Federal Reserve has cranked up its benchmark borrowing rate six times in its effort to cool the economy and tame inflation.

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Slightly more Americans apply for jobless benefits last weekWASHINGTON (AP) — The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite job cuts that have begun to spread across industries most affected by soaring interest rates, such as housing and technology. How do the Twitter layoffs factor into this number Retail holiday hires. Next!
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