More Americans filed for unemployment benefits last week, but the labor market remains strong even in the face of persistent inflation. Jobless claims for the week ending Oct. 1 rose by 29,000 to 219,000, the Labor Department reported.
Hiring sign is displayed in Deerfield, Ill., Wednesday, Sept. 21, 2022. The number of Americans filing for jobless benefits dropped last week, a sign that few companies are cutting jobs despite high inflation and a weak economy. Applications for unemployment benefits for the week ending Sept. 24 fell by 16,000 to 193,000, the Labor Department reported Thursday, Sept. 29.
WASHINGTON — More Americans filed for unemployment benefits last week, but the labor market remains strong even in the face of persistent inflation and a slowing overall U.S. economy. Applications for jobless aid generally reflect layoffs, which have remained historically low since the initial purge of more than 20 million jobs at the start of the coronavirus pandemic in the spring of 2020.
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