Jobless

U.S. worker filings for unemployment benefits rose last week, reflecting a still tight labor market that has lost steam from earlier in the year. Initial jobless claims, a proxy for layoffs, increased to a seasonally adjusted 228,000 last week from the 219,000 the week before, the Labor Department said Thursday. The recent level is up from March, when claims touched a more than 50-year low, but remain consistent with prepandemic levels and a tight labor market. The average…

New applications for unemployment benefits rose last week in the latest sign of a cooling labor market, although they remained close to prepandemic lows.  Initial jobless claims, a proxy for layoffs, increased to a seasonally adjusted 219,000 last week from a revised 190,000 the week before, the Labor Department said Thursday. That was the highest level since late August but close to the 2019 average of 218,000.  Claims have hovered around that…

U.S. applications for unemployment benefits fell last week to the lowest level since the spring as many employers hesitate to lay off workers despite a slowing economy. Initial jobless claims, a proxy for layoffs, decreased to a seasonally adjusted 193,000 last week from a revised 209,000 the previous week, the Labor Department said Thursday. The total was the lowest since late April and below the prepandemic average of 218,000 in 2019, when the labor market was also tight.…

U.S. applications for unemployment benefits declined for the fifth consecutive week as employers held on to their workers in a persistently tight labor market. Initial jobless claims, a proxy for layoffs, fell to a seasonally adjusted 213,000 last week from a revised 218,000 the previous week, the Labor Department said Thursday. Claims have declined since August after rising earlier in the summer. The four-week moving average, which smooths out weekly volatility, fell by…

Infosys warned employees that moonlighting is not permitted by its employee handbook and code of conduct In the IT sector, Infosys has sent a reminder mail to its employees that moonlighting or employees taking up dual employment is in violation of the employee code of conduct. Along with Wipro chairman Rishad Premji, IT giant Infosys sent out emails warning staff that moonlighting might result in firing. With attrition at its peak in the IT industry, companies are struggling to find talent as they brace for a tough…

U.S. workers’ filings for unemployment benefits fell last week, suggesting layoffs are holding at a low level in a tight job market. Initial jobless claims, a proxy for layoffs, decreased to a seasonally adjusted 232,000 last week from a revised 237,000 the previous week, the Labor Department said Thursday. Claims appear to be on a downward trend after ticking up earlier this summer. Last week’s total was above the 2019 weekly average of 218,000.…

A career fair earlier this month in St. Petersburg, Fla. Photo: Lauren Witte/Zuma Press U.S. workers’…

New applications for unemployment benefits inched down last week, a sign the labor market is holding up as the broader economy shows signs of slowing. Initial jobless claims, a proxy for layoffs, declined slightly to a seasonally adjusted 250,000 last week from a downwardly revised 252,000 the week before, the Labor Department said Thursday. Claims totals have hovered around this level since hitting a high for the year in mid-July, and are above the 2019 prepandemic weekly…

Worker filings for unemployment benefits rose last week, holding close to the highest level of the year as the U.S. labor market showed several signs of cooling. Initial jobless claims, a proxy for layoffs, increased slightly to a seasonally adjusted 260,000 last week from a downwardly revised 254,000 the prior week, the Labor Department said Thursday. The total is close to the 2022 peak set earlier in July of 261,000 and above the 2019 prepandemic weekly average of 218,000, when the…

New applications for unemployment benefits held near the highest level of the year last week, a sign that the tight labor market is loosening. Initial jobless claims, a proxy for layoffs, fell 5,000 to a seasonally adjusted 256,000 in the week ended July 23 from the prior week’s upwardly revised level, the Labor Department said Thursday. The prior week’s reading was revised up by 10,000 and was the highest level of claims since November. Last week’s claims stood above the…