The number of Americans applying for unemployment benefits was unchanged last week, remaining at historically low levels in another sign that the U.S. job market remains strong in the face of higher interest rates
A hiring sign is displayed at a grocery store in Arlington Heights, Ill., Tuesday, Oct. 10, 2023. On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits last week. .
The numbers, a proxy for layoffs, continue to show that American workers enjoy extraordinary job security. But the economy and the job market have remained sturdy even as higher rates have brought inflation down steadily from the four-decade highs reached in 2022. The combination of easing inflationary pressures and healthy hiring is raising hopes that the Fed can stick a so-called soft landing — beating inflation without triggering an economic downturn.
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.
US weekly Initial Jobless Claims rise to 209K vs. 210K expectedThere were 209,000 initial jobless claims in the week ending October 7, the weekly data published by the US Department of Labor (DOL) showed on Thursd
Read more »
Blinken, in Israel, says more Americans killed, vows solidarity ‘always’Secretary of State Antony Blinken said 25 Americans have died since Hamas attacked Israel and pledged solidarity to Prime Minister Benjamin Netanyahu.
Read more »
New poll reveals Americans are worried about losing their jobsA survey by the New York Fed found respondents believe there is a 14% chance they will lose their job in the next year.
Read more »
At least 25 Americans now confirmed dead in Israel, Sec. Blinken saysAt least 25 U.S. citizens are confirmed to have been killed in the Israel-Hamas war, Secretary of State Antony Blinken said Thursday morning.
Read more »
Israel-Gaza war live updates: Blinken says 25 Americans dead; Gaza hospitals running out of suppliesSecretary of State Antony Blinken is in Tel Aviv in a show of support for Israel after the Hamas attack. Gaza hospitals face dire shortages amid Israel’s siege.
Read more »
More Americans support striking auto workers than companies: pollFind Central Pennsylvania business news, blogs, articles and other resources. Get local business listings and events and join forum discussions at PennLive.com.
Read more »