December 30, 2022
1 min read

US: Rise in initial jobless claims signal softening labour market

Initial jobless claims climbed by 9,000 to 225,000…reports Asian Lite News

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.

ALSO READ: Trump’s tax returns to be released after long fight

Previous Story

White House hiring lawyers to defend Biden, son against GOP charges

Next Story

Brazil’s Lula unveils cabinet picks

Latest from USA

Pahalgam Attack Echoes in New York

A powerful message lit up New York’s Times Square this week as a digital truck bearing images of victims from the recent terror attack in Pahalgam, Jammu and Kashmir, made its way

Pak Delegates Face Harvard Student Backlash

Citing state-backed terrorism in Jammu and Kashmir, Indian students at Harvard Kennedy School urge U.S. Secretary of State Marco Rubio to revoke visas of Pakistani officials ahead of their campus visit…reports Asian
Go toTop

Don't Miss

Biden cancels $3.9 b in student loan debt

Biden is expected to announce by the end of August

Trump taps his attorney Habba to serve as counselor  

Alina Habba, 40, defended Trump earlier this year, also serving