Slightly fewer Americans applied for unemployment benefits last week, reflecting a robust job market despite rising job cuts in some sectors of the economy that have cooled in recent months.
A hiring sign is seen as a person shops for souvenirs along the boardwalk, Thursday, June 2, 2022, in Ocean City, N.J. Its a hot job market right now, and that extends to the youngest workers. The unemployment rate for teenagers ages 16-19 was just over 10% in April. Given the strife and isolation of the past couple of years, its teens who may have the most to gain by going to work this summer. –
The total number of Americans collecting jobless benefits for the week ending June 18 was 1,328,000, down 3,000 from the previous week. That figure has hovered near 50-year lows for months. Jobless claims applications the past few weeks, though still relatively low, have been the highest since the first weeks of 2022 as some highly visible companies have announced job cuts.
Online real estate broker Redfin, under pressure from a housing market that’s cooled due to higher interest rates, is laying off 8% of its workers. Another real estate company, Compass, is letting go of 450 employees.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Kirkland Native History Document' spurs debate about Eastside Indigenous historyWhen the City of Kirkland published a document last week about the Native American history of that part of King County, one local historian wasn’t very happy.
Read more »
El Salvador Purchases 80 Additional Bitcoin at $19K, President Bukele SaysEl Salvador purchased 80 bitcoins at a price of $19,000 per coin, President NayibBukele said on Thursday. The Central American country now owns a total of 2,301 coins. andresengler reports
Read more »
San Antonio's Best Quality Daughter unveils newly renovated patio with full-service barThe Asian American fusion spot at the Pearl closed its patio last fall to conduct upgrades. SanAntonio SATX SanAntonioTX SanAntonioFood SanAntonioRestaurants
Read more »
Crypto exchange CoinFlex says 'Bitcoin Jesus' Roger Ver owes $47 millionCoinFlex froze withdrawals last week and now blames Ver.
Read more »
Watching US With Horror, European Groups Push Leaders to Strengthen Abortion Rights'Last week's decision by the U.S. Supreme Court sent shockwaves across the world.'
Read more »