A hiring sign is displayed at a restaurant in Schaumburg, Ill., Friday, April 1, 2022. More Americans applied for unemployment benefits last week, and while layoffs remain low, it's the fifth straight week claims have topped the 230,000 mark. Applications for jobless aid for the week ending July 2 rose to 235,000, up 4,000 from the previous week, the Labor Department reported Thursday, July 7.
The four-week average for claims, which evens out some of the week-to-week volatility, inched up by 750 from the previous week, to 232,500. The figures reflect the unusual nature of the post-pandemic economy: Inflation is hammering household budgets, forcing consumers to pull back on spending, and growth is weakening, heightening fears the economy could fall into recession. Yet companies are still scrambling to add workers. Demand has been particularly strong in travel- and entertainment-related services.
Netflix laid off 150 employees in May and another 300 in June after the streaming entertainment giant reported losing subscribers for the first time in more than a decade.Online real estate broker Redfin, under pressure from a housing market that’s cooled due to higher interest rates, is laying off 8% of its workers. Another real estate company, Compass, is shedding 450 employees.
The couple outside Publix on Normandy has been begging and claiming joblessness for close to,5 years now 😂
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U.S. jobless claims rise to 235k, most in nearly six monthsMore Americans applied for unemployment benefits last week, and while layoffs remain low, it’s the fifth straight week claims have topped 230,000. Applications for jobless aid for the week ending July 2 rose to 235,000, up 4,000 from a week earlier. Abortion clinics shut down, people get unemployed. As long as working minimum wage doesn't even pay the bills, this is never going to change. Raise the minimum.
Source: AP - 🏆 728. / 51 Read more »
U.S. jobless claims rise to 235k, most in nearly six monthsMore Americans applied for unemployment benefits last week, and while layoffs remain low, it’s the fifth straight week claims have topped 230,000. Applications for jobless aid for the week ending July 2 rose to 235,000, up 4,000 from a week earlier. Abortion clinics shut down, people get unemployed. As long as working minimum wage doesn't even pay the bills, this is never going to change. Raise the minimum.
Source: AP - 🏆 728. / 51 Read more »
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