U.S. Filings for Unemployment Benefits Increase Slightly but Remain Historically Low
U.S. filings for unemployment benefits increased slightly to 230,000 for the week ending September 7, 2024, according to the Labor Department. Despite this uptick, layoffs remain historically low even after two years of elevated interest rates. The four-week average of claims also rose, but overall jobless claims continue to be low compared to historical standards.