Labor Market Shows Signs of Softening as Claims Continue to Rise

Labor Market Shows Signs of Softening as Claims Continue to Rise

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Recurring jobless claims spike to highest level since 2021 at 1.96 million

The numbers indicate unemployed people are taking longer to get back into the job market.

"Here Come The Layoffs"; Jobless Claims Rise To 8 Month High As Continuing Claims Unexpectedly Soar

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

US Recurring Jobless Claims Jump to Highest Since End of 2021

Recurring applications for US unemployment benefits rose to the highest since the end of 2021, adding to evidence that it is taking unemployed Americans longer to find a new job.

U.S. Labor Market Stumbles As Recurring Jobless Claims Hit Highest Level Since 2021

US labor market losing momentum; May producer inflation comes in tame

It’s taking unemployed US workers longer now to find new jobs

Recurring jobless claims in the U.S. have climbed to their highest level since late 2021, suggesting it’s taking longer for unemployed workers to find new jobs, Bloomberg reports.  Continuing claims rose to 1.96 million in the week ending May 31, topping all forecasts in a Bloomberg survey, according to Labor Department data released Thursday. Meanwhile, the four-week average of new unemployment filings—a measure used to smooth out volatility—re…