Reported 6 months ago
The number of Americans applying for jobless claims increased slightly last week to 229,000, up from 221,000 the previous week, according to the Labor Department. Despite this rise, layoffs in the US labor market remain at healthy levels. The Federal Reserve's efforts to combat high inflation and the impact on the labor market have not resulted in a recession, as consumer demand remains strong. However, there have been recent job cuts announced by companies like Alphabet, Apple, eBay, Walmart, and others, contributing to a total of 1.79 million Americans collecting jobless benefits as of May 25.
Source: YAHOO