October 2, 2022
Jobless claims tick up

A hiring sign offers a $500 bonus outside a McDonalds restaurant, in Cranberry Township, Butler County, Pa., Wednesday, May 5, 2021. U.S. employers posted a record number of available jobs in March, starkly illustrating the desperation of businesses to hire more people as the economy expands. Yet total job gains increased only modestly that month, according to a Labor Department report issued Tuesday, May 11. (AP Photo/Keith Srakocic)

WASHINGTON (NewsNation) —  More Americans applied for jobless aid last week, but the number of Americans collecting unemployment benefits stayed near its five-decade low.

The latest report released by the Labor Department Thursday showed jobless claims tick up by 27,000 to 229,000. The four-week average of claims, which levels out week-to-week volatility, decreased by 8,000 to 215,000.

American workers are enjoying historically strong job security two years after the coronavirus pandemic plunged the economy into a short but devastating recession. Weekly applications for unemployment aid have been consistently below the pre-pandemic level of 225,000 for most of 2022, even as the overall economy contracted in the first quarter and concerns over inflation persist.

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