Unemployment claims registered a fall for the most recent week, but still remained higher than expected, according to data from the U.S. Department of Labor (DoL). “In the week ended July 23, the advance figure for seasonally adjusted initial claims was 256,000, a decrease of 5,000 from the previous week’s revised level,” a July 28…
Unemployment Claims Rise More Than Expected as US Sinks into Recession
July 29, 2022
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US Jobless Claims Fall as Labor Market Remains Tight
There was a decline in the number of Americans filing for new unemployment benefit claims for the week ending May 28, according to latest data from the U.S. Labor Department. The advance figure for seasonally adjusted initial claims was 200,000, down 11,000 from the previous week’s revised total of 211,000. The four-week moving average was 206,500…
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