US jobless claims rise

Source: Spectrum News 1

“More Americans filed for jobless claims last week, but the labor market remains broadly healthy in the face of retreating inflation and elevated interest rates. Applications for unemployment benefits rose by 13,000 to 231,000 for the week ending Nov. 11, the Labor Department reported Thursday. That’s the most in three months. Jobless claim applications are seen as representative of the number of layoffs in a given week. The four-week moving average of claims, a less volatile measure, rose by 7,750 to 220,250.” (11/16/23)–applications-for-jobless-claims-rise-in-labor-market-that-remains-very-healthy