US Job Market , Stays Strong as Applications for , Jobless Benefits Inch Lower.
ABC reports that slightly fewer people in the United States
applied for jobless claims last week, indicating that the
labor market remains resilient despite high interest rates.
ABC reports that slightly fewer people in the United States
applied for jobless claims last week, indicating that the
labor market remains resilient despite high interest rates.
On November 9, the Labor Department reported
that applications for unemployment benefits fell
to 217,000 the week ending November 4. .
On November 9, the Labor Department reported
that applications for unemployment benefits fell
to 217,000 the week ending November 4. .
Meanwhile, the four-week moving
average of claims inched higher
by 1,500 to reach 212,250. .
The week ending October 28, 1.83 million people were
collecting unemployment benefits, up 22,000 from
the week before and the highest number since April.
ABC reports that analysts suggest "continuing claims"
may be rising because those who are unemployed
may be having a harder time finding available jobs.
In September, consumer prices were up 3.7%
compared to the same time in 2022, but down from
a peak 9.1% that was reached in June of last year. .
In September, consumer prices were up 3.7%
compared to the same time in 2022, but down from
a peak 9.1% that was reached in June of last year. .
Last week, the Labor Department reported
that 9.6 million job openings had been
posted by employers in September. .
That figure is up from
9.5 million in August. .
That figure is up from
9.5 million in August. .
Over the same period of time,
layoffs fell from 1.7 million to 1.5 million. .
Over the same period of time,
layoffs fell from 1.7 million to 1.5 million. .
Hiring slowed in October, with U.S. private employers
adding just 150,000 jobs, while remaining strong
enough to suggest that the economy remains resilient.