Current location:politics >>
US applications for jobless claims fall to lowest level in 9 weeks
politics29People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Gazetteer news portal”。http://panama.downmusic.org/article-90f799149.html
Related articles
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
politicsGENEVA (AP) — Young Boys sealed its sixth Swiss league title in seven years by winning at Servette 1 ...
【politics】
Read moreXizang Grand Theatre Becomes Operational
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read more'Spring Bud Gas Station' Project Wins Award at 2023 IFENG Action League Ceremony
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read more
Popular articles
- Dodgers acquire pitcher Yohan Ramírez from Mets for cash
- Wondrous Xinjiang: Plum Farming Thrives with New Tech
- Chinese Armed Forces Deploy Multiple Rescue Forces in Response to Gansu Earthquake
- Women Film Audience Boosts China's Holiday Box Office
- Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
- Southwest University to Conduct Study to Assist Children's Development in Remote Areas
Latest articles
Not so Cool Britannia! Noel Gallagher gives damning verdict on Keir Starmer
SCO Forum 'Year of Tourism 2023' Opens in Xinjiang
The Rural Girls Chasing Goals on Football Pitches
'Spring Bud Gas Station' Project Wins Award at 2023 IFENG Action League Ceremony
Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
Traditional Skills Revitalized by Livestreaming in Remote Towns
LINKS
- I'm a flight attendant
- Middle school focuses on recovery as authorities investigate shooting of armed student
- Screenwriter Chen Yu amazed by young filmmakers
- Average game time drops 1 minute to 2:36 in second season of MLB pitch clock
- Former Michigan House leader, wife plead not guilty to misusing political funds
- Average game time drops 1 minute to 2:36 in second season of MLB pitch clock
- Film executives on developing IPs and reaching global audiences
- Britney Spears reaches divorce settlement with estranged husband Sam Asghari
- Chongqing Youth Film Project unites global youth
- Jurors hear closing arguments in landmark case alleging abuse at New Hampshire youth center