Category Archives for "The Economy"

U.S. Jobless Claims Increase to 1.718 Million, Unemployment Rate Predicted to Reach Recessionary Levels

The U.S. Labor Department said initial jobless claims increased to 211,000 last week, up from 190,000 the week before.[0] This figure was significantly higher than the expected 195,000, and the increase of 21,000 was the most in five months. The four-week moving average, which flattens week-to-week volatility, rose to 197,000, a six-week high.[1] Continuing jobless […]

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Jobless Claims Rise to 211,000, Highest Since November 2021

On Thursday, the US Labor Department released its weekly jobless claims report, which showed that initial unemployment claims rose to 211,000 last week, from 190,000 the week before.[0] This was higher than the expected uptick to 195,000, and is the highest number since November 2021. The advance seasonally adjusted insured unemployment rate was 1.2% for […]

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