The number of Americans filing new applications for unemployment benefits fell more than expected last week as distortions from the weather and temporary automobile plant closures faded. Initial claims for state unemployment benefits dropped 10,

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by Timothy McQuiston, Vermont Business Magazine Weekly unemployment claims fell last week to their lowest levels since last year. For the week ending July 30, 2024, new claims were 238, which is typical of summer lows. Service claims remain somewhat elevated, but Manufacturing claims are below their usual levels after a spike in June.

The number of Americans filing new applications for unemployment benefits increased to an 11-month high last week, suggesting some softening in the labor market, though claims tend to be volatile around this time of the year.

The number of Americans filing for unemployment benefits jumped to its highest level in a year last week, even as the labor market remains surprisingly healthy in an era of high interest rates It’s the most since the first week of August last year and the 10th straight week that claims have come in above 220,

The number of Americans filing new unemployment claims rose last week to an 11-month high of 249,000, hinting at a softening labor market. This increa