The number of Americans applying for jobless benefits rose last week but remains historically low as the labor market continues to show strength amid high interest rates and inflation. Jobless claim applications rose by 10,000 to 210,000 for the week ending Oct. 21, the Labor Department reported Thursday.
A hiring sign is displayed at a retail store in Wheeling, Ill., Sunday, Sept. 24, 2023. On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits last week. NEW YORK — The number of Americans applying for jobless benefits rose last week but remains historically low as the labor market continues to show strength amid high interest rates and inflation.
Overall, 1.79 million people were collecting unemployment benefits the week that ended Oct. 14, about 63,000 more than the previous week.
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