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US weekly jobless claims rise slightly as labor market stays on solid ground
general :: 2025-01-23 :: source - reuters
By Lucia Mutikani
Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S. - Reuters
WASHINGTON, (Reuters) - The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting no deterioration in labor market conditions and reinforcing expectations that the Federal Reserve would not cut interest rates next week.
Though layoffs are still low, new opportunities for workers who lose their jobs are dwindling as employers remain cautious about increasing headcount. The report from the Labor Department on Thursday showed jobless rolls swelling to the highest level in just over three years in early January.
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