US Unemployment Claims Tick Up to 245,000, but Still Low
WASHINGTON—The number of Americans applying for unemployment benefits rose last week but remains low by historic standards.
U.S. jobless claims rose by 5,000 to 245,000, the Labor Department reported Thursday.
The four-week moving average of claims, which evens out week-to-week ups and downs, fell by 500 to 239,750. At the start of the year, weekly claims were running around 200,000 and they have gradually moved higher.
Overall, 1.866 million people were collecting unemployment benefits the week that ended April 8, up from 1.80 million the previous week and from 1.53 million a year earlier.
The weekly claims numbers are a proxy for layoffs, and they show that American workers enjoy unusual job security despite rising interest rates, economic uncertainty, and fears of a looming recession….