Applications For U.S. Jobless Benefits See Slight Uptick

Americans applying for unemployment slightly rises to 225,000

  • Unemployment claims rose to 225,000 for the week ending November 5.
  • This is an increase of 7,000 applicants from the previous week, which saw 218,000 Americans apply for jobless benefits.
  • Despite record-high inflation, industry layoffs, and rising interest rates, the number of applications for jobless claims, which generally tracks layoffs, has stayed historically low.
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