Braking Down The News

U.S. Jobless Claims Rise Slightly to New 2022 High

Applications for unemployment benefits have climbed since reaching 50-year low in March

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U.S. workers’ filings for unemployment benefits edged up last week, reaching their highest level so far this year.

Initial jobless claims, a proxy for layoffs, increased to a seasonally adjusted 262,000 last week from a revised 248,000 the previous week, the Labor Department said Thursday. The weekly number has been on an upward trend since reaching a 50-year low in March.

 

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