Jobless Claims Rise Higher Than Expected As Layoffs Continue To Mount
View Source | April 21, 2023 1:13 pm
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- The number of Americans filing for unemployment benefits rose more than expected last week, evidence the labor market is continuing to soften in the face of higher borrowing costs.
- Figures released Thursday by the Labor Department show initial claims for the week ended April 15 rose by 5,000 to 245,000.
- That is above the 2019 pre-pandemic average of 218,000 claims.
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