The number of Americans filing for unemployment benefits inched up last week, but remain at historically healthy levels despite elevated interest rates.
A hiring sign is displayed at a restaurant in Chicago, Monday, July 1, 2024. On Wednesday, July 3, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week. – The number of Americans filing for unemployment benefits inched up last week and remain historically low, however the total number of people collecting jobless benefits continues to grow.
Analysts say that continuing claims rise because many of those who are already unemployed may now be having a harder time finding new work. The four-week average of claims, which softens some of the week-to-week volatility, rose by 2,250 to 238,500.
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