US filings for jobless claims inch up modestly, but continuing claims rise for ninth straight week

Reported 12 months ago

The number of Americans filing for jobless claims in the US slightly increased last week but remained historically low, while the total number of people collecting jobless benefits continues to rise for nine consecutive weeks. The Labor Department reported that jobless claims rose to 238,000, with the total number of Americans collecting unemployment benefits reaching 1.86 million. Some receiving benefits are struggling to find new jobs, indicating a possible weakening in the labor market, despite the economy remaining strong and inflation easing.

Source: YAHOO

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