Current location:International Issue news portal > politics
US applications for jobless claims fall to lowest level in 9 weeks
International Issue news portal2024-04-26 03:52:19【politics】6People 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/no-fault-insurance/
Very good!(5)
Related articles
- Study says it's likely a warmer world made deadly Dubai downpours heavier
- Trend of 'rise of the East and decline of the West' inevitable: economist
- Italy to cut red tape, speeding up economic recovery amid coronavirus emergency
- China, Africa push for healthier communities
- Columbia's president, no stranger to complex challenges, walks tightrope on student protests
- Serbian president receives injection of Chinese COVID
- Storied apparel retailer Brooks Brothers files for bankruptcy amid pandemic
- Peng Liyuan Visits Vietnam National University, Hanoi
- Taiwan's president
- Xi Inspects Community in Nanning in China's Guangxi
Popular articles
Recommended
Ford's 1Q net income falls 24% as combustion engine unit sees sales and revenue decline
Philippines, China cooperate to crack down on illegal offshore gambling
China, France hold strategic dialogue
Spotlight: U.S. authorities tell int'l students to leave U.S. if universities go online
Olivia Dunne calls for boyfriend Paul Skenes to get his Pittsburgh Pirates MLB debut
Xi's Speech at Meeting of Central Commission for Public Sector Reform to Be Published
China completes first deep
UK announces fresh measures to support jobs, spur recovery amid coronavirus crisis
Links
- From gadget king to royal Luddite
- Six people killed in Canada in rare mass murder case
- Lady Tatiana Mountbatten
- Born on this day
- A quiet birthday for Meghan's former best
- Prince William spotted on 'low
- Auckland trains on eastern and southern lines suspended
- Let's hear it for Princess Anne, the brave, plain
- Princess Beatrice and Edoardo Mapelli Mozzi are all smiles as they join his mother
- Born on this day