Jobless

The number of Americans filing for jobless benefits rose last week to the highest level in 11 weeks, though layoffs remain at historically low levels.Applications for unemployment benefits climbed to 224,000 for the week ending Jan. 27, an increase of 9,000 from the previous week, the Labor Department reported Thursday.The four-week average of claims, a less volatile measure, rose by 5,250, to 207,750.Weekly unemployment claims are seen as a proxy for the number of U.S. layoffs in a given week. They have remained at…

Layoffs continue for Amazon yet into another year. The tech giant is set to lay off over 500 more people from Twitch, its video live streaming platform. About 500 people will be rendered with out a job. This move follows growing concerns over losses and departure of several top executives…

Image Source : FILE Layoff at ShareChat: 200 employees go jobless as the company streamline its cost base ShareChat, a social media platform has implemented a strategic restructuring plan which has resulted in the layoff of approximately 200 employees, which further constitute about 15% of its workforce. Mohalla Tech, the parent company which also owns Moj, the short…

Filings for unemployment benefits were higher than previously thought in recent weeks, in a sign of easing demand for workers as the labor market slowly cools. Initial jobless claims, a proxy for layoffs, reached nearly 250,000 a week in mid-March, roughly 50,000 higher than previously reported, the Labor Department said Thursday. The change reflects revised calculations that strip out seasonal fluctuations in economic activity, the department added. The March average of…

Worker filings for unemployment benefits rose last week but were still historically low, showing that the broader labor market remains robust despite large companies announcing layoffs. Initial jobless claims, a proxy for layoffs, increased by 7,000 to a seasonally adjusted 198,000 last week, the Labor Department said Thursday. The level of claims fluctuated earlier this month, but broadly remains low. The four-week average of weekly claims, which smooths out…

A job fair in Sunrise, Fla., last month. Photo: Joe Raedle/Getty Images March 23,…

A job fair in Sunrise, Fla. Jobless claims have treaded near the 2019 prepandemic average for several months. Photo: Joe Raedle/Getty Images…

Worker filings for U.S. unemployment benefits jumped more than 10% last week but remained historically low as demand for labor outstrips the number of people looking for work. Initial jobless claims, a proxy for layoffs, increased by 21,000 to a seasonally adjusted 211,000 last week, the Labor Department said Thursday. The four-week average of weekly claims, which smooths out volatility in the weekly numbers, rose slightly to 197,000. Economists polled by The…

U.S. applications for unemployment benefits edged lower last week, reflecting a persistently tight labor market. Initial jobless claims, a proxy for layoffs, decreased by 2,000 to a seasonally adjusted 190,000 last week, the Labor Department said Thursday. Weekly claims have remained below the 2019 prepandemic average of about 220,000 since the start of the year. The four-week moving average of weekly claims, which smooths out volatility, rose slightly to 193,000.…

Worker claims for unemployment benefits ticked down last week, a sign the labor market remains historically tight. Initial jobless claims, a proxy for layoffs, decreased by 3,000 to a seasonally adjusted 192,000 last week, the Labor Department said Thursday. Weekly claims have remained below the 2019 prepandemic average of about 220,000 since the start of the year. The four-week moving average of weekly claims, which smooths out volatility, rose slightly to 191,250.…