Initial weekly jobless claims rise to 231,000, highest since August
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The U.S. Department of Labor reported that weekly first-time unemployment claims rose to 231,000, which is 22,000 higher than the previous week. Continuing jobless claims dropped by 59,066. The total number of continuing unemployment claims fell from the previous week and was lower than the comparable week in 2023. The biggest increases in this week's initial unemployment claims were in Iowa, Illinois, New Hampshire, Ohio, and Michigan. Initial claims dropped in California, Massachusetts, Oregon, Pennsylvania, and Connecticut. This week's jobless claims total comes after a series of strong jobs reports. In April, job creation was weaker than expected. The U.S. economy added a below-average 175,000 jobs in April. The first-time unemployment claims number of 208,000 was revised up to 209,000. According to FWDBONDS chief economist, the trend of rising jobless claims raises concerns about the future of the U.S. economy. The article also mentions other news stories unrelated to jobless claims.
#JoblessClaims #Unemployment #UsDepartmentOfLabor #Economy
https://www.upi.com/Top_News/US/2024/05/09/jobless-initial-claims-rose/5361715265904/
UPI News /
npub1up…p85da
2024-05-09 18:29:56
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npub1up366k34ghh433r7pchkdx4wjalhdrqnnh7ssjqexn7jhzzrs6fsup85daPublished at
2024-05-09 18:29:56Event JSON
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"content": "Initial weekly jobless claims rise to 231,000, highest since August\n==========\n\nThe U.S. Department of Labor reported that weekly first-time unemployment claims rose to 231,000, which is 22,000 higher than the previous week. Continuing jobless claims dropped by 59,066. The total number of continuing unemployment claims fell from the previous week and was lower than the comparable week in 2023. The biggest increases in this week's initial unemployment claims were in Iowa, Illinois, New Hampshire, Ohio, and Michigan. Initial claims dropped in California, Massachusetts, Oregon, Pennsylvania, and Connecticut. This week's jobless claims total comes after a series of strong jobs reports. In April, job creation was weaker than expected. The U.S. economy added a below-average 175,000 jobs in April. The first-time unemployment claims number of 208,000 was revised up to 209,000. According to FWDBONDS chief economist, the trend of rising jobless claims raises concerns about the future of the U.S. economy. The article also mentions other news stories unrelated to jobless claims.\n\n#JoblessClaims #Unemployment #UsDepartmentOfLabor #Economy\n\nhttps://www.upi.com/Top_News/US/2024/05/09/jobless-initial-claims-rose/5361715265904/",
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