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More Americans file for unemployment benefits last week, continuing claims highest in 3 years

  • Jobless claims applications increased by 6,000 to 223,000 for the week ending January 18, according to the Labor Department.
  • The total number of Americans receiving unemployment benefits climbed by 46,000 to 1.9 million, the highest since November 2021.
  • The final jobs report of 2024 showed employers added 256,000 jobs and the unemployment rate fell to 4.1%.
  • Meta announced it was laying off 5% of its staff, while Brown-Forman is reducing its global workforce by about 12%.
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  • 40% of the sources lean Left
40% Left
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