Salem Radio Network News Saturday, February 4, 2023

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US jobless claims up modestly last week

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Slightly more Americans filed for jobless claims last week.┬áThe Labor Department says applications for unemployment benefits rose to 230,000 for the week ending December third. That was up by 4,000 from the previous week’s 226,000. The four-week moving average of claims rose by 1,000 to 230,000. Jobless claims are seen as a proxy for layoffs, and combined with other employment data, show that American workers are enjoying extraordinary job security at the moment, despite the Federal Reserve’s efforts to cool the economy.

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