Jobs
US Jobless Claims Rise Slightly But Remain Near Historic Lows
- Applications for unemployment benefits rose by 9,000 last week
- Continuing claims extended climb to highest since February
Employees at the Hanwha Q Cells manufacturing facility in Dalton, Georgia.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
Applications for US unemployment benefits rose last week, but remained near historic lows, underscoring the enduring resilience of the labor market despite the Federal Reserve’s aggressive efforts to cool demand.
Initial unemployment claims increased by 9,000 to 225,000 in the week ended Dec. 24, Labor Department data showed Thursday. That was in line with the median forecast in a Bloomberg survey of economists.