Salem Radio Network News Monday, January 30, 2023

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Applications for US unemployment aid rose slightly last week

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( ) -q-25- UNDATED (Correspondent Jeremy House) “an early sign.”

The number of people seeking unemployment benefits rose modestly last week.

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TAG: Correspondent Jeremy House reporting.

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VERBATIM: The Labor Department says applications for unemployment aid for the week ending December 24 climbed by 9,000 to 225,000. It’s the latest sign that the labor market remains strong despite the Federal Reserve’s efforts to cool the economy and hiring. Should the Fed’s rate hikes cause a recession, as many economists fear, a jump in layoffs and unemployment claims would be an early sign.

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