The number of Americans applying for jobless benefits rose last week. The Labor Department says filings for unemployment claims for the week ending March 30 climbed by 9,000 to 221,000 from the previous week’s 212,000. In total, 1.79 million Americans were collecting jobless benefits during the week that ended March 23, a decline of 19,000 […]
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Applications for jobless benefits rise, but layoffs remain historically low
The number of Americans applying for jobless benefits rose last week. The Labor Department says filings for unemployment claims for the week ending March 30 climbed by 9,000 to 221,000 from the previous week’s 212,000. In total, 1.79 million Americans were collecting jobless benefits during the week that ended March 23, a decline of 19,000 from the previous week. Despite the increase in filings, layoffs remain at historically low levels as the labor market continues to move along despite elevated interest rates.