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US initial jobless claims rise, signal softening labour market

By IANS | Published: December 30, 2022 5:15 AM

Washington, Dec 30 US initial claims for unemployment benefits rose last week, a signal that the tight labour ...

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Washington, Dec 30 US initial claims for unemployment benefits rose last week, a signal that the tight labour market could be softening.

Initial jobless claims climbed by 9,000 to 225,000, according to data published on Thursday by the US Labour Department.

Economists surveyed by The Wall Street Journal had predicted that new claims would increase 7,000 to 223,000, after claims grew 2,000 to 216,000 in the previous week, Xinhua news agency reported.

The number of individuals collecting unemployment increased to 1.71 million, the highest level since February.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: United States Department of LaborWall street journal
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