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

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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.

Holiday travel ramps up ahead of 4th of July. Here are the best times to hit the road or arrive at the airportA 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.

Analysts say that continuing claims rise because many of those who are already unemployed may now be having a harder time finding new work. The four-week average of claims, which softens some of the week-to-week volatility, rose by 2,250 to 238,500.

 

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