Applications for jobless aid rise last week

By Associated Press

Feb 11, 2023 12:09 am

MORE Americans filed for jobless benefits last week, but layoffs remain historically low despite attempts by the Federal Reserve (Fed) to cool the economy, and hiring, to bring down inflation.

Applications for jobless aid in the US for the week ending February 4 rose by 13,000 last week to 196,000, from 183,000 the previous week, the Labor Department reported Thursday. It's the fourth straight week claims were under 200,000.

UNEMPLOYMENT AID A help wanted sign is displayed at a restaurant in Arlington Heights, Illinois on Jan. 30, 2023. On Thursday, Feb. 9, 2023 (February 10 in Manila), the Labor Department reports on the number of people who applied for unemployment benefits last week. AP PHOTO

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

ECB policymakers split on inflation risks

US has best-performing economy – Fed chief

Indonesia's exports, imports beat forecasts

Japan economic growth slows in Q3

Lenovo plans global factory expansion

Hyundai picks first foreign-born CEO

TikTok makes AI driven ad tool available globally