Jobless claims climb to 245,000 and signal rising layoffs
The numbers: The number of Americans who applied for unemployment benefits last week rose by 5,000 to 245,000 and pointed to a small erosion in a robust U.S. labor market.
New jobless claims increased from a revised 240,000 in the prior week, the Labor Department said Thursday. The figures are seasonally adjusted. Key details: Thirty-five of the 53 U.S. states and territories that report jobless claims showed a decrease last week. Eighteen posted an increase. Big picture: Wall Street is watching jobless benefits closely because it’s one of the first indicators to start blinking red when the U.S. is headed toward recession.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia probes cases of migrant workers left jobless, without passportsMalaysia has launched an investigation to uncover how hundreds of migrant workers arrived from South Asia without jobs, despite having paid steep fees to get employment, officials and rights groups said.
Read more »
US: Weekly Initial Jobless Claims rise to 245K vs. 240K expectedThere were 245,000 initial jobless claims in the week ending April 15, the weekly data published by the US Department of Labor (DOL) showed on Thursda
Read more »
US unemployment claims tick up to 245,000, but still lowThe number of Americans applying for unemployment benefits rose last week but remains low by historic standards. U.S. jobless claims rose by 5,000 to 245,000, the Labor Department reported Thursday. The four-week moving average of claims, which evens out week-to-week ups and downs, fell by 500 to 239,750. At the start of the year, weekly claims were running around 200,000 and they have gradually moved higher. The weekly claims numbers are a proxy for layoffs, and they show that American workers enjoy unusual job security despite rising interest rates, economic uncertainty and fears of a looming recession.
Read more »
Americans are reportedly spending more money on cannabis than chocolateSales of legal pot are expected to climb to nearly $57 billion by 2028.
Read more »
US Supreme Court tackles religious bias claim against Postal ServiceU.S. Supreme Court justices on Tuesday appeared ready to bolster the ability of employees to obtain accommodations at work for their religious practices in a case involving an evangelical Christian former mail carrier's claim of discrimination against the U.S. Postal Service.
Read more »