World News | Weekly US Jobless Claims Rise for the First Time in a Month
Get latest articles and stories on World at LatestLY. More Americans applied for employment benefits last week following three straight weeks of declines.
Washington, Feb 17 (AP) More Americans applied for employment benefits last week following three straight weeks of declines.
Jobless claims rose by 23,000 to 248,000 last week, the Labour Department reported Thursday. Claims were revised up to 225,000 the previous week.
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The four-week average for claims, which compensates for weekly volatility, fell by 10,500 to 243,250. It was the second straight week of declines after rising for five straight weeks as the omicron variant of the coronavirus spread, disrupting business in many parts of the US
In total, fewer than 1.6 million Americans were collecting jobless aid the week that ended February 5, a decrease of about 26,000 from the previous week. (AP)
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)