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More Americans apply for jobless benefits as layoffs settle at higher levels in recent weeks

  • The total number of Americans collecting unemployment benefits increased by about 20,000 last week, reaching 1.87 million for the week of July 6, the highest since November of 2021.
  • U.S. Filings for jobless benefits rose again, settling consistently at a slightly higher level desired by the Federal Reserve. Until last week, applications were rising in June.
  • Continuing claims have been rising, indicating difficulties for some Americans receiving unemployment benefits in finding jobs.
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