The number of Americans filing for unemployment benefits fell to 228,000 last week, a two-month low, once again proving that the U.S. job market is quite strong.
Updated July 21, 2023 07:30 CST
The number of Americans filing for unemployment benefits fell to 228,000 last week, a two-month low, once again proving that the U.S. job market is quite strong.
The US government reported initial jobless claims fell by 9,000 from 237,000 the previous week.
Jobless claims sometimes fluctuate around the Fourth of July holiday. Unemployed people sometimes delay filing for unemployment benefits around the holidays.
Jobless claims typically climb when the economy weakens and a recession looms. …
The number of Americans filing for unemployment benefits fell to 228,000 last week, a two-month low, once again proving that the U.S. job market is quite strong.
The US government reported initial jobless claims fell by 9,000 from 237,000 the previous week.
Jobless claims sometimes fluctuate around the Fourth of July holiday. Unemployed people sometimes delay filing for unemployment benefits around the holidays.
Jobless claims typically climb when the economy weakens and a recession looms. Jobless claims have risen from record lows so far this year, but the job market remains strong. In the first half of this year, the United States added 1.7 million jobs.
The relatively modest increase in jobless claims so far this year suggests there is enough demand for most companies’ goods and services to keep their workers busy.
(This article is translated from MarketWatch. MarketWatch is operated by Dow Jones, the parent company of The Wall Street Journal, but MarketWatch is independent of Dow Jones Newswires and The Wall Street Journal.)
2023-07-20 23:30:00
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