Jobless Claims Rise Higher Than Expected As Layoffs Continue To Mount

  • 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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