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Unemployment Insurance Weekly Claims
In the week ending January 20, the advance figure for seasonally adjusted initial claims was 214,000, an increase of 25,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 187,000 to 189,000. The 4-week moving average was 202,250, a decrease of 1,500 from the previous week's revised average. The previous week's average was revised up by 500 from 203,250 to 203,750. The advance seasonally adjusted insured unemployment rate was 1.2 percent for the week ending January 13, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured ... (full story)
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US applications for jobless benefits rise, but layoffs remain at historically low levels
More Americans filed jobless benefits last week but layoffs remain at historically low levels despite elevated interest rates and a flurry of job cuts in the media and technology sectors. Applications for unemployment benefits rose to 214,000 for the week ending Jan. 20, an increase of 25,000 from the previous week, the Labor Department reported Thursday. The four-week average of claims, a less volatile measure, fell by 1,500 to 202,250. Overall, 1.83 million Americans were collecting jobless benefits during the week that ended Jan. 13, an increase of 27,000 from the previous week. Weekly unemployment claims are ... (full story)