From: NoBody <NoBody@nowhere.com>
Newsgroups: alt.fan.rush-limbaugh,can.politics,alt.politics.trump,alt.politics.liberalism,alt.politics.democrats,alt.politics.usa.republican
Subject: How odd that libs didn't report about this news
Date: Sat, 28 Dec 2024 09:45:53 -0500
Organization: A noiseless patient Spider
WASHINGTON (AP) The number of Americans applying for unemployment
benefits held steady last week, though continuing claims rose to the
highest level in three years.
Jobless claim applications ticked down by 1,000 to 219,000 for the
week of Dec. 21, the Labor Department reported Thursday. Thats fewer
than the 223,000 analysts forecast.
Continuing claims, the total number of Americans collecting jobless
benefits, climbed by 46,000 to 1.91 million for the week of Dec. 14.
That's more than analysts projected and the most since the week of
Nov. 13, 2021 when the labor market was still recovering from the
COVID-19 jobs wipeout in the spring of 2020.
The rising level of continuing claims suggests that some who are
receiving benefits are finding it harder to land new jobs. That could
mean that demand for workers is waning, even though the economy
remains strong.
The four-week average of weekly claims, which quiets some of the
week-to-week volatility, inched up by 1,000 to 226,500.
Weekly applications for jobless benefits are considered representative
of U.S. layoffs.
The labor market has hinted at some softening recently but remains
broadly healthy and has held up better than many economists predicted
considering that interest rates have been elevated for years. The
Federal Reserve instituted a series of rate increases in 2022 and into
2023 to try to tame the four-decade high inflation that emerged during
the U.S. economys rebound from a brief but sharp pandemic recession.
https://www.msn.com/en-us/money/general/us-applications-for-unemployment-benefits-hold-steady-but-continuing-claims-rise-to-3-year-high/ar-AA1wwehA