More Americans filed for unemployment benefits last week, the largest number in four months, but the labor market remains strong in the face of persistent inflation and a slowing overall U.S. economy. us jobs economy kprc2 click2houston
Jobless claims for the week ending Oct. 1 rose by 29,000 to 219,000, the Labor Department reported Thursday. The previous week's number was revised down by 3,000 to 190,000.The total number of Americans collecting unemployment aid rose by 15,000 to 1.36 million for the week ending Sept. 24.
Recent employment data has indicated that the job market may be cooling slightly, an important consideration for the Federal Reserve when it meets early next month to decide whether or not to raise its main lending rate again.in August compared with July as businesses grow less desperate for workers, a trend that could put a dent in chronically high inflation.
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