US jobless claims rise slightly but recurring applications surge
Continuing claims, a proxy for people who are already receiving benefits and still can’t find a job, jumped to 1.9 million in the week ended Jan. 11, the highest since November 2021, according to Labor Department data released Thursday. Initial claims increased by 6,000 to 223,000 last week.
New unemployment claims are near pre-pandemic levels, indicating a strong labor market, but rising continuing claims suggest many are struggling to find work.
8hon MSN
Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment benefits rose to their highest level in more than three years.
U.S. initial jobless claims were higher last week, but the increase wasn’t as drastic as economist Thomas Simons of Jefferies had been expecting.
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Dow Jones Rises After Surprise Jobless Claims; Nvidia Slides, Tesla ReversesThe Dow Jones rose Thursday after higher-than-expected initial unemployment claims. Nvidia stock sold off, while Tesla reversed higher.
As traders approach another pivotal day for financial markets, Thursday, January 23, 2025, brings a series of crucial ...
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