World & BusinessUS weekly jobless claims reportedly fall
The Economic Times reports that continuing claims edged up slightly and unemployment held at 4.1%, even as new claims for benefits declined.
TLDR
The Economic Times reports a decline in initial US unemployment-benefit claims, describing it as a sign of a stronger labor market. Continuing claims edged up slightly, while unemployment remained at 4.1%. The outlet says businesses still face hiring difficulties because of rising energy costs and a shortage of workers.
US weekly jobless claims reportedly fall
The Economic Times reports that continuing claims edged up slightly and unemployment held at 4.1%, even as new claims for benefits declined.
TLDR
The Economic Times reports a decline in initial US unemployment-benefit claims, describing it as a sign of a stronger labor market. Continuing claims edged up slightly, while unemployment remained at 4.1%. The outlet says businesses still face hiring difficulties because of rising energy costs and a shortage of workers.