The total number of Americans collecting unemployment remains at a five-decade low.
Job seekers line up outside the New Hampshire Works employment security job center in Manchester, New Hampshire in 2021.Washington — More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment remains at a five-decade low.
The four-week average for claims, which evens out some of the weekly volatility, rose by 8,000 from the previous week to 215,000. American workers are enjoying historically strong job security two years after the coronavirus pandemic plunged the economy into a short but devastating recession. Weekly applications for unemployment aid have been consistently below the pre-pandemic level of 225,000 for most of 2022, even as the overall economy contracted in the first quarter and concerns over inflation persist.
Last month’s gain reflects a resilient job market that has so far shrugged off concerns that the economy will weaken in the coming months as the Federal Reserve steadily raises interest rates to fight inflation. The unemployment rate remained 3.6%, just above a half-century low.
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.
More Americans apply for jobless benefits last weekWASHINGTON (AP) — More Americans applied for jobless aid last week, but the total number of Americans collecting unemployment remains at a five-decade low. Applications for unemployment benefits rose by 27,000 to 229,000 for the week ending June 4, the most since mid-January, the Labor Department reported Thursday.
Read more »
More Americans apply for jobless benefits last weekMore Americans applied for jobless aid last week but the total number of Americans collecting unemployment remains at a five-decade low.
Read more »
229,000 file jobless claims, up from previous weekMore Americans applied for jobless aid last week, but the total number of Americans collecting unemployment remains at a five-decade low.
Read more »
Police search for suspects in Olympia gas station robberyPolice are searching for two suspects after a gas station robbery in Olympia last week. FOX13
Read more »
Woman pushed to floor, molested at Dothan public libraryThe Library System is reevaluating security procedures after the terrifying sexual attack on a last week.
Read more »
Dr. Oz wins Pennsylvania GOP Senate primary by 951 votes, final tally showsDr. Mehmet Oz, who is best known as the host of the television show 'The Dr. Oz Show,' had received the coveted endorsement from former President Donald Trump.
Read more »