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US Continuing Jobless Claims Rise for Seventh Straight Week
Economics Jobs
US Continuing Jobless Claims Rise for Seventh Straight Week
• Recurring applications now stand at highest since mid-April
• Initial claims ticked lower, though four-week average rose
By Augusta Saraiva
November 9, 2023 at 8:33 AM EST
Updated on November 9, 2023 at 9:11 AM EST
Recurring applications for US unemployment benefits rose for a seventh straight week, adding to evidence that the labor market is cooling.
Continuing jobless claims, a proxy for the number of people receiving unemployment benefits, increased to 1.83 million in the week ended Oct. 28, the highest since mid-April, according to Labor Department data out Thursday.
{paywall}
US Continuing Jobless Claims Rise for Seventh Straight Week
• Recurring applications now stand at highest since mid-April
• Initial claims ticked lower, though four-week average rose
By Augusta Saraiva
November 9, 2023 at 8:33 AM EST
Updated on November 9, 2023 at 9:11 AM EST
Recurring applications for US unemployment benefits rose for a seventh straight week, adding to evidence that the labor market is cooling.
Continuing jobless claims, a proxy for the number of people receiving unemployment benefits, increased to 1.83 million in the week ended Oct. 28, the highest since mid-April, according to Labor Department data out Thursday.
{paywall}