Recurring Jobless Claims Shrink for 3rd Straight Week: Department of Labor

Date:

Economy‘The labor market is easing gradually, and layoffs remain contained,’ says Ali Hassan, portfolio manager at Thornburg Investment Management.The number of Americans receiving unemployment benefits fell for the third straight week, according to new data released by the Department of Labor on Jan. 29.For the week ended Jan. 17, continuing jobless claims declined to 1.827 million, from the previous week’s upwardly revised 1.865 million, the lowest level since September 2024.

spot_imgspot_imgspot_img

Share post:

More like this
Related

AI Investment Boom Helps US Manufacturing Recovery Continue

A technician works at an Amazon Web Services AI...

Analysts Weigh Impact on Oil Supply as UAE Leaves OPEC

The logo of the Organization of the Petroleum Exporting...

How Major US Stock Indexes Fared May 4

U.S. stocks fell from their record heights, while oil...

Elon Musk Reaches $1.5 Million Settlement With SEC Over Twitter Stake

Elon Musk arrives to court for his lawsuit against...