Jobless claims unexpectedly climb to 239,000 as layoffs grow

A growing number of workers applied for jobless benefits last week, a sign the labor market is beginning to tighten in the face of higher interest rates.

by the Labor Department show initial claims for the week ended April 8 rose by 11,000 to 239,000. That is above the 2019 pre-pandemic average of 218,000 claims.

Job seekers visit booths during the Spring Job Fair at the Las Vegas Convention Center Friday, April 15, 2022.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FoxBusiness /  🏆 458. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. jobless claim applications highest in more than a yearU.S. applications for jobless benefits rose to their highest level in more than a year, but remain at relatively low levels.
Read more »

Jobless claims climb to 239,000 and point to rising layoffsThe 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 the U.S.
Read more »

Jobless claims climb to 239,000 and point to small increase in layoffsThe 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.
Read more »

Jobless Claims Climb to 239,000, Highest Since January 2022The number of Americans making initial claims for jobless benefits rose last week, indicating some slow-motion progress in the Federal Reserve’s campaign to lower demand for U.S. labor.
Read more »

Futures subdued with inflation, jobless claims data in focusU.S. stock index futures were subdued on Thursday ahead of fresh economic data that could offer clues on the Federal Reserve's monetary tightening plans, while investors also waited for earnings from big banks after turmoil in the sector last month.
Read more »

US: Weekly Initial Jobless Claims rise to 239K vs. 232K expectedThere were 239,000 initial jobless claims in the week ending April 8, the weekly data published by the US Department of Labor (DOL) showed on Thursday
Read more »