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Unemployment Insurance Weekly Claims
In the week ending April 15, the advance figure for seasonally adjusted initial claims was 245,000, an increase of 5,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 239,000 to 240,000. The 4-week moving average was 239,750, a decrease of 500 from the previous week's revised average. The previous week's average was revised up by 250 from 240,000 to 240,250. The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending April 8, an increase of 0.1 percentage point from the previous week's unrevised rate. The advance number for seasonally ... (full story)
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Jobless claims rise as labor market starts to cool
The number of new applications for unemployment benefits rose by 5,000 to 245,000 last week, the Labor Department reported Thursday. Rising jobless claims, a proxy for layoffs, are a sign the unusually strong labor market is finally starting to react to the Federal Reserve’s efforts to tighten monetary policy to slow economywide spending and bring down inflation. Claims have been trending upward in recent weeks. The weekly jobless claims number has been closely watched over the past year, given the Fed has been hiking aggressively. Despite the job market’s rip-roaring strength for months even as the Fed ... (full story)
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