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US Jobless Claims Hit Three-Month High as Labor Market Cools [View all]
Economics
Jobs
US Jobless Claims Hit Three-Month High as Labor Market Cools
• Applications rose to 240,000; economists expected 225,000
• Continuing claims also increased amid layoffs in tech sector
By Augusta Saraiva
November 23, 2022, 1:35 PM UTC Updated on November 23, 2022, 2:02 PM UTC
Applications for US unemployment benefits rose last week to a three-month high amid a wave of layoffs at technology companies, a sign of cooling in a tight labor market.
Initial unemployment claims increased by 17,000 to 240,000 in the week ended Nov. 19, Labor Department data showed Wednesday. The median estimate in a Bloomberg survey of economists called for 225,000.
{snip}
Jobs
US Jobless Claims Hit Three-Month High as Labor Market Cools
• Applications rose to 240,000; economists expected 225,000
• Continuing claims also increased amid layoffs in tech sector
By Augusta Saraiva
November 23, 2022, 1:35 PM UTC Updated on November 23, 2022, 2:02 PM UTC
Applications for US unemployment benefits rose last week to a three-month high amid a wave of layoffs at technology companies, a sign of cooling in a tight labor market.
Initial unemployment claims increased by 17,000 to 240,000 in the week ended Nov. 19, Labor Department data showed Wednesday. The median estimate in a Bloomberg survey of economists called for 225,000.
{snip}
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