. The four-week average of applications, which smooths out some of the week-to-week swings, slipped just 250 to 221,000.
Unemployment benefit applications are a proxy for layoffs, and are being closely monitored by economists as the Fed has rapidly raised interest rates in an effort to slow job growth and inflation. Should the Fed’s rate hikes cause a recession, as many economists fear, a jump in layoffs and unemployment claims would be an early sign.
So far, the level of jobless claims remains quite low, evidence that Americans are enjoying a high degree of job security. In the coming weeks, thousands of workers with temporary jobs during the winter holidays will lose work and apply for jobless aid. The government seeks to seasonally adjust the data to account for those job losses, but the adjustments are not always perfect and the layoff of temporary workers could distort the data.
How many people saw their UI expire without being able to secure another job? I assume job losses just plateaued as pandemic restrictions eased. We have no way to determine how many are left with $0 incomes.
This article is the definition of gaslighting.
The number of people seeking unemployment benefits rose modestly last week, the latest sign the labor market remains strong. Here’s the plight of the American worker: A sign of the GOOD TIMES is unemployment benefits RISING modestly There’s a little beef in the shit burger
Lazy!
It mostly another sign that fiscal and monetary policy are not coordinating
Went up during the holiday hiring season and it's 'strong'? This would be a completely different headline if you weren't pushing an agenda.
A strong labor market during high inflation is not good. This will lead to more inflation. Phillips curve
uhhhhh, if unemployment is up how can the market be up? doesnt this beg to say that the economy is not doing well as employers are not hiring?
Is it true that just because people aren’t working and collecting free money, that the labor market is strong? I still can’t find enough good workers..
So, still low, but a bit higher. Might just be a normal swing.
Urgent relief is here before it's too late to save the girl