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More Americans file for jobless claims, but job market remains healthy

By MATT OTT - May 11, 2023, 08:42 AM ET
Last Updated - Jun 21, 2023, 08:38 PM EDT
Unemployment Benefits
ASSOCIATED PRESS

The number of Americans filing for jobless claims last week rose to its highest level in four months, though the labor market remains healthy by historical standards

The number of Americans filing for jobless claims last week rose to its highest level in four months, though the labor market remains healthy by historical standards. 

Applications for unemployment benefits for the week ending May 6 rose by 22,000 to 264,000, the Labor Department reported Thursday. That's up from the previous week's 242,000 and the highest since January 14. The weekly claims numbers are seen as representative of the number of U.S. layoffs. 

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The four-week moving average of claims, which evens out some of the weekly volatility, rose by 6,000 to 245,250. 

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