U.S. jobless claims rise by 3,000 to 219,000, with layoffs remaining at historically low levels.
Number of US jobless benefit claims inches up, but layoffs remain low. Last week, jobless claims rose by 3,000 to 219,000, compared to the previous week's 216,000. The four-week average of claims also increased modestly to 222,500. Despite these increases, layoffs remain at historically low levels amid lingering inflation and high interest rates. Weekly unemployment claims are typically viewed as a proxy for the number of U.S. layoffs in a given week and a sign of the job market's direction.
May 30, 2024
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