Your current location:HOME >business >US applications for jobless claims fall to lowest level in 9 weeks 正文
TIME:2024-05-07 22:14:08 Source: Internet compilationEdit:business
Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up
Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflation.
The Labor Department reported Thursday that unemployment claims for the week ending April 20 fell by 5,000 to 207,000 from 212,000 the previous week. That’s the fewest since mid-February.
The four-week average of claims, which smooths out some of the weekly up-and-downs, ticked down by 1,250 to 213,250.
Weekly unemployment claims are considered a proxy for the number of U.S. layoffs in a given week and a sign of where the job market is headed. They have remained at historically low levels since the pandemic purge of millions of jobs in the spring of 2020.
The Federal Reserve raised its benchmark borrowing rate 11 times beginning in March of 2022 in a bid to stifle the four-decade high inflation that took hold after the economy rebounded from the COVID-19 recession four years ago. The Fed’s intention was to loosen the labor market and slow wage growth, which it said contributed to persistently high inflation.
Man recreates 202024-05-07 22:08
NHL has no appetite to expand playoffs beyond its 162024-05-07 21:49
Convicted scammer who victims say claimed to be a psychic, Irish heiress faces extradition to UK2024-05-07 21:45
Video: Escaped circus elephant stops traffic in Montana2024-05-07 21:32
José Ramírez breaks Larry Doby’s team record for go2024-05-07 21:15
Clemson guard Chase Hunter enters NBA Draft, but retains eligibility to come back to college2024-05-07 20:10
Man arrested after 3 shot to death in central Indiana apartment complex2024-05-07 19:43
Kansas' higher ed board is considering an anti2024-05-07 19:42
FBI says an infant abducted from New Mexico park has been found safe; a suspect is in custody2024-05-07 19:42
Columbia's Abbey Hsu chosen as Met Writers Association Player of the Year2024-05-07 19:28
How major US stock indexes fared Monday, 5/6/20242024-05-07 22:06
What is cloud seeding? Step2024-05-07 22:03
Was Dubai's apocalyptic storm SELF2024-05-07 21:47
Asian Americans more likely to believe in climate change: AP2024-05-07 21:38
No, France did not deploy troops to fight with Ukraine against Russia2024-05-07 21:28
House prices fell 0.2% in last year, official figures report2024-05-07 21:10
Myanmar’s junta moves Aung San Suu Kyi to house arrest, report says — Radio Free Asia2024-05-07 20:27
Climate change will cost about $38 trillion a year by 2049, a new study calculates2024-05-07 20:21
Chris Hemsworth is 'handpicked' by Vogue editor Anna Wintour to co2024-05-07 19:57
Lab chief faces sentencing in Michigan 12 years after fatal US meningitis outbreak2024-05-07 19:30