Jobs
US Recurring Jobless Claims Jump to Highest Since November 2021
- Continuing claims increased to 1.87 million through April 8
- Initial applications ticked up but remained at a low level
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Recurring US unemployment benefit claims jumped to the highest level since November 2021, indicating some softening in the labor market.
Continuing claims, or the number of people who have already filed an initial application and are now claiming unemployment benefits, rose by 61,000 to 1.87 million in the week ended April 8, Labor Department data showed Thursday. This figure can offer insight into how quickly out-of-work Americans are able to find a new job.