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.
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On November 9, the Labor Department reported that applications for unemployment benefits fell to 217,000 the week ending November 4.
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Meanwhile, the four-week moving average of claims inched higher by 1,500 to reach 212,250.
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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.
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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.
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Last week, the Labor Department reported that 9.6 million job openings had been posted by employers in September.
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That figure is up from 9.5 million in August.
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That figure is up from 9.5 million in August.
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Over the same period of time, layoffs fell from 1.7 million to 1.5 million.
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Over the same period of time, layoffs fell from 1.7 million to 1.5 million.
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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.
