The number of Americans who applied for unemployment benefits last week rose by 11,000 to 239,000, indicating a small but steady increase in layoffs in a generally strong U.S. labor market.
The numbers: The number of Americans who applied for unemployment benefits last week rose by 11,000 to 239,000, indicating a small but notable increase in layoffs in a generally strong U.S. labor market.
Layoffs showed a notable upturn in February that previously went undetected, according to the government’s updated formula for seasonal adjustments.Yet companies are still hiring a lot more people than they are firing in a sign of ongoing labor-market strength. The U.S. added a robust 236,000 new jobs in March.
The number of people collecting unemployment benefits across the country, meanwhile, fell by 13,000 to 1.81 million in the week ending April 1. Right now claims are flickering green. The low but rising level of claims points to a weaker economy, but one that is still growing.
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