US filings for jobless claims inch up modestly, but continuing claims rise for ninth straight week

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Labor News

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The number of Americans filing for unemployment benefits inched up last week, but remain at historically healthy levels despite elevated interest rates. The Labor Department reported Wednesday that jobless claims for the week ending June 29 rose by 4,000 to 238,000 from 234,000 the previous week.

A hiring sign is displayed at a restaurant in Chicago, Monday, July 1, 2024. On Wednesday, July 3, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week. WASHINGTON — The number of Americans filing for unemployment benefits inched up last week and remain historically low, however the total number of people collecting jobless benefits continues to grow.

The total number of Americans collecting unemployment benefits rose for the ninth straight week, to 1.86 million, for the week of June 22. That’s the most since November of 2021.

 

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