Campingnewshubb
Advertisement Banner
  • Home
  • Destination
  • Camping Equipments
  • Contact
No Result
View All Result
  • Home
  • Destination
  • Camping Equipments
  • Contact
No Result
View All Result
Wellnessnewshubb
No Result
View All Result
Home Camping Equipments

Fewer Americans file for jobless benefits last week | News

admin by admin
August 19, 2022
in Camping Equipments



WASHINGTON (AP) — Slightly fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy.

Applications for jobless aid for the week ending August 13 fell by 2,000 to 250,000, the Labor Department reported Thursday. Last week’s number, which raised some eyebrows, was revised down by 10,000.

The four-week average for claims, which evens out some of the week-to-week volatility, fell by 2,750 to 246,750.

The number of Americans collecting traditional unemployment benefits increased by 7,000 the week that ended August 6, to 1.43 million. That’s the most since early April.

Unemployment applications generally reflect layoffs and are often seen as an early indicator of where the job market is headed.

Hiring in the United States in 2022 has been remarkably resilient in the face of rising interest rates and weak economic growth.

The Labor Department reported earlier this month that U.S. employers added 528,000 jobs in July, more than double what forecasters had expected. The unemployment rate dipped to 3.5%, tying a 50-year low reached just before coronavirus pandemic slammed the U.S. economy in early 2020.

The United States recovered with unexpected strength from 2020′s COVID-19 recession, leaving businesses scrambling to find enough workers.

That’s not to say the U.S. economy doesn’t face challenges. Consumer prices have been surging, rising 8.5% in July from a year earlier — down slightly from June’s 40-year high 9.1%. To combat inflation, the Federal Reserve has raised its benchmark short-term interest rate four times this year.

Higher borrowing costs have taken a toll. The economy contracted in the first half of the year — one measure suggesting the onset of a recession. But the strength of the job market has been inconsistent with an economic downturn.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.



Source link

Tags: americancommerceeconomic growtheconomicseconomyfederal reservefinancejob marketlabor departmentunemployment benefitwork
Previous Post

State lawmakers debate Utah’s ban on conversation therapy

Next Post

‘Our election security is real.’ Sen. Mitt Romney visits Weber County Elections Office

Next Post

'Our election security is real.' Sen. Mitt Romney visits Weber County Elections Office

Recommended

Shooting at New Year’s Eve party injures two minors

1 month ago

Irish Fest holds sheep herding event | News

6 months ago

Mardi Gras 2023 | History And Where To Celebrate Fat Tuesday

3 days ago

La Crosse’s Jonah Larson appears on ‘Good Morning America’ | News

3 weeks ago

“Dr. K” making math fun for 4th graders | Jefferson Awards

1 month ago

Trump calls for ‘immediate’ release of Mar-a-Lago warrant | News

6 months ago

© 2022 Camping News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Destination
  • Camping Equipments
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Destination
  • Camping Equipments
  • Contact

© 2022 Camping News Hubb All rights reserved.