Salem Radio Network News Saturday, March 25, 2023


Applications for US jobless aid rise by most in 5 months


( ) -q-24- UNDATED (Correspondent Jeremy House) “interest rate hikes.”

The number of Americans applying for unemployment benefits last week jumped by the most in five months.

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TAG: Correspondent Jeremy House reporting. It’s the first time in eight weeks that claims came in above 200,000.

VERBATIM: The Labor Department says applications for jobless claims in the U.S. for the week ending March 4 rose by 21,000 to 211,000. The four-week moving average of claims rose by 4,000 to 197,000. Despite the increases, layoffs remain historically low as the labor market continues to be largely unaffected by the Federal Reserve’s interest rate hikes.

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