US News

U.S. weekly jobless claims rise less than expected; layoffs at lowest since 1993

Published by
Reuters

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased less than expected last week, pointing to tightening labor market conditions, while layoffs tumbled to a 28-1/2-year low in November. Initial claims for state unemployment benefits rose 28,000 to a seasonally adjusted 222,000 for the week ended Nov. 27, the Labor Department said on Thursday. Claims, which dropped to 194,000 in the prior week, tend to be volatile around Thanksgiving, the start of the holiday season. Economists polled by Reuters had forecast 240,000 applications for the latest we…

Read More

Facebook Comments

Check Also

Five residents killed in fire at Spanish home for the elderly

Published by DPA Five residents died of smoke ...

Archives