Jobs
US Recurring Jobless Claims Rise to Highest Since End of 2021
- Continuing applications jumped to 1.84 million in June 15 week
- Four-week moving average of new claims also rose last week
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Recurring applications for US jobless benefits rose to the highest level since the end of 2021, a warning sign suggesting that it’s taking longer for unemployed people to find a job.
Continuing claims, a proxy for the number of people receiving benefits, increased to 1.84 million in the week ended June 15, according to Labor Department data released Thursday. Meanwhile, first-time claims ticked down to 233,000 last week, a period that included the Juneteenth holiday.