Make earnings with no risk
Automated AI-driven system makes the trades, you earn the money
Join now
News

US Weekly Jobless Claims Rose to 200,000 Last Week as Layoffs Rises in April

0
Close up of businessman hand pointing at pad on desktop with creative glowing forex chart on blurry outdoor background. Trade, device, financial investment and technology concept. Double exposure

New applications for unemployment benefits jumped for the first since early April amid other signs the US labor market remains unexpectedly tight.

Source: US Department of Labor

DXY up +0.76%, EURUSD down -0.57%

Initial jobless claims, a proxy for layoffs, rose by 19,000 to 200,000 last week from the prior week’s revised level of 181,000.

Filings for unemployment benefits have remained close to historic lows since late 2021. The four-week average for claims increased to 188,000 from the prior week’s revised 180,000.

Continuing claims, a proxy for the total number of people getting payments from state unemployment programs, dropped to 1.4 million from the week ended April 23.

The low number of jobless workers’ claims is one of the signs of a robust labor market that has solid job growth and high demand for workers.

 

fxcoach

Bank of England Raises by 0.25% to 1% as Britain Risks Plunging into Recession

Previous article

French Regulator Grants Binance Registration as Digital Asset Provider

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in News