US Jobless Claims Rise Slightly, Remain at Low Levels

Source: US News & World Report

“The number of Americans filing first-time claims for unemployment benefits rose slightly last week, the Labor Department reported on Thursday. The number, 213,000, was 5,000 above the prior week’s revised 208,000, which had been originally estimated at 213,000. The four-week moving average was 216,750, down 6,000 from the previous period. Overall, the report does little to alter the fact that the labor market remains very strong. Despite a slowing economy, Federal Reserve Chairman Jerome Powell described the job market as ‘out of balance’ on Wednesday when he explained the central bank’s decision to raise interest rates by 75 basis points.” (09/22/22)