US applications for unemployment benefits rise, still at historically healthy levels
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Jobless claims rose by 4,000 to 232,000 for the week of Aug. 17, 2024; four-week average of claims decreased by 750 to 236,000; 1.86 million Americans collected jobless benefits for the week ending Aug. 10; claims averaged 213,000 a week from January to May; claims hit 250,000 in late July; Federal Reserve raised interest rates 11 times in 2022 and 2023 to a 23-year high; inflation decreased from over 9% in June 2022 to 2.9% last month; employers added 114,000 jobs in July, below the average of 218,000; unemployment rate rose to 4.3%; Labor Department revised job growth down by 818,000 from April 2023 to March 2024; job openings fell from 12.2 million in March 2022 to 8.2 million in June 2024; Fed expected to cut rates in September.

#Unemployment #JoblessClaims #Economy #Inflation #FederalReserve #InterestRates #JobMarket #Employment #Biden #Harris

https://abcnews.go.com/Business/wireStory/us-applications-unemployment-benefits-inch-remain-historically-healthy-113055643 

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