File - A help wanted sign is displayed in Deerfield, Ill., on Wednesday, Sept. 21, 2022. On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits last week.
The number of Americans applying for unemployment benefits jumped last week but remain low overall, even as the Federal Reserve has furiously raised interest rates to beat down inflation and cool the labor market. The four-week moving average of claims, which flattens some of the week-to-week volatility, rose by 3,500 to 239,250.
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