US jobless claims rise but remain at historically low levels

US applications for jobless benefits rose to their highest level in more than a year, but remain at relatively low levels despite efforts by the Federal Reserve to cool the economy and job market in its battle against inflation. Jobless claims in the US for the week ending April 8 rose by 11,000 to 239,000 from the previous week, the Labor Department said Thursday.

Leave a Reply

Your email address will not be published. Required fields are marked *