Thursday 4 August 2022 11:19 PM Jobless claims rise to 260,000, hovering near 8-month high trends now

Thursday 4 August 2022 11:19 PM Jobless claims rise to 260,000, hovering near 8-month high trends now
Thursday 4 August 2022 11:19 PM Jobless claims rise to 260,000, hovering near 8-month high trends now

Thursday 4 August 2022 11:19 PM Jobless claims rise to 260,000, hovering near 8-month high trends now

More Americans are applying for unemployment claims at exponential rates as fear of a recession lingers.

Jobless claims rose to 260,000 for the week of July 30, nearly 6,000 more than the 254,000 recorded the week before, according to The U.S. Department of Labor.

The four-week 'moving average' saw a 6,000 increase from the previous week, to 254,750.

Meanwhile, for the week of July 23, 1,416,000 claims were reported, an increase from 48,000 the week before.

More Americans are filing for unemployment claims as application increased to 260,000 for the week of July 30, nearly 6,000 more than the 254,000 recorded the week before, according to The U.S. Department of Labor.

More Americans are filing for unemployment claims as application increased to 260,000 for the week of July 30, nearly 6,000 more than the 254,000 recorded the week before, according to The U.S. Department of Labor.

Jobless claims increased the last week of July as job openings decreased in June

Jobless claims increased the last week of July as job openings decreased in June

On Tuesday, the Labor Department further announced that job openings fell in June to 10.7 million from 11.3 million in May.

Jobs dipped in June below 11 million in job openings is the first since November. The number of people that quit their jobs dipped to 4.2 million in June, while layoffs totaled 1.3 million.

Layoffs in June decreased in wholesale trade, finance and insurance, and federal government sectors. 

The job sectors with the highest rate of people leaving, included transportation, warehousing

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