Your current location:HOME >politics >US applications for jobless claims fall to lowest level in 9 weeks 正文
TIME:2024-04-26 06:27:59 Source: Internet compilationEdit:politics
Fewer 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.
Atletico Madrid battles Athletic Bilbao for 4th place in Spain and last Champions League berth2024-04-26 06:24
HKFP Lens: Hong Kong press group announces winners of annual news photo contest2024-04-26 06:21
After Berlin, Zelensky signs French security pact amid Navalny shock2024-04-26 06:19
Now THAT'S a room with a view: Inside the St Regis Abu Dhabi2024-04-26 05:58
US applications for jobless claims fall to lowest level in 9 weeks2024-04-26 05:46
Gaza's Nasser hospital: Fears for patients as Israeli raid continues2024-04-26 05:08
Four farm silos listed for £200k and they can be converted to a fabulous family home2024-04-26 04:21
'Sorry, you can't board, off you pop': Traveller reveals how he was caught out by a post2024-04-26 04:06
Zendaya finds the Met Gala 'terrifying' as she prepares to co2024-04-26 03:53
Inside 'the best premium economy cabin in the WORLD': The Mail tests out EVA Air's award2024-04-26 03:53
Zendaya finds the Met Gala 'terrifying' as she prepares to co2024-04-26 05:50
Best stocks & shares Isas: Pick the right investment account2024-04-26 05:42
Your state pension might NOT increase by the full 8.5% this month2024-04-26 05:32
Independent publisher rejected from taking part in Hong Kong Book Fair2024-04-26 05:06
Blackhawks agree to a 62024-04-26 04:53
Do you live near one? Interactive map reveals the locations of England's 400,000 heritage sites2024-04-26 04:49
Xi Jinping arrives in Hong Kong for July 1 celebrations, makes first visit to city since 20172024-04-26 04:24
NASA is looking for new astronauts2024-04-26 04:20
Rosie Huntington2024-04-26 03:54
Your state pension might NOT increase by the full 8.5% this month2024-04-26 03:48