Current location:International Issue news portal > style
US applications for jobless claims fall to lowest level in 9 weeks
International Issue news portal2024-04-26 03:39:39【style】7People have gathered around
IntroductionFewer 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.
Address of this article:http://www.olivelawfirm.net/tag/steven/
Very good!(36834)
Related articles
- Mia Regan sweetly embraces Victoria Beckham as they reunite at her Mango launch event in Spain
- Bogusz scores in each half as LAFC notches 2
- Samuel Ersson blanks Devils to keep Flyers' slim playoff hopes alive in 1
- Capitals beat the Lightning 4
- China's cultural tourism embraces immersive
- Coachella: Earthquake shakes SoCal desert during music fest
- Iraq, U.S. resume dialogue on ending U.S.
- Pictured: First
- Leverkusen defender Jonathan Tah looks to finish historic season unbeaten and with more trophies
- UN highlights urgent need for investment in women's economic empowerment
Popular articles
Recommended
French Open to reveal second retractable roof court at Roland Garros ahead of Olympics
Logan Webb goes 7 strong innings and Thairo Estrada homers twice as Giants rout Rays 11
Death toll from Israeli attacks surpasses 30,000 in Gaza, humanitarian crisis worsening
Day 3 of the Masters at a glance
Study says it's likely a warmer world made deadly Dubai downpours heavier
Tanzania to host East African petroleum conference 2025
Capitals beat the Lightning 4
India's Delhi, outskirts mandate Stage
Links
- China sees robust recovery, vigorous growth in cultural, tourism industries: minister
- Kim Kardashian showcases signature curves in tiny black bikini as she inexplicably dives into knee
- Dumb, dumber and dumbest! Idiot thieves steal van and take their masks off
- North Carolina high school student, 16, is suspended for saying 'illegal alien' in class
- Dutch King Willem
- Bucks' Damian Lillard makes progress with his adductor issue before the start of the playoffs
- As the aristo
- Sarah Paulson, 49, talks aging gracefully without Botox: 'I don't shoot anything into my face'
- Stock market today: Asian shares gain despite Wall Street's tech
- Doctors warn about the one skincare mistake that's ageing thousands of women under 30