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US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
US jobless benefits filings rose to 197,000 last week, the highest since a 50-year low, but layoffs remain historically low. The Federal Reserve's PCE inflation metric hit 3.7%, above its 2% target, while the economy grew at a 1.5% annual rate in Q2. Companies like Verizon, UPS, Amazon, Disney, Starbucks, Walmart, and Microsoft have cut jobs recently.
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- US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
- US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
- US filings for jobless benefits rise to 197,000 last week, but layoffs remain historically low
- US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels
- US jobless claims dip modestly to 215,000 last week as layoffs remain at historically healthy levels