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US applications for jobless benefits rise last week but remain at low levels

The number of Americans applying for unemployment benefits rose last week but remains at historically healthy levels

Matt Ott
Thursday 05 December 2024 13:38 GMT
Unemployment Benefits
Unemployment Benefits (Copyright 2024 The Associated Press. All rights reserved.)

The number of Americans applying for unemployment benefits rose last week but remains at historically healthy levels.

Jobless claim applications rose by 9,000 to 224,000 for the week of Nov. 30, the Labor Department reported Thursday. That's more than the 214,000 analysts were forecasting.

Continuing claims, the total number of Americans collecting jobless benefits, fell by 25,000 to 1.87 million for the week of Nov. 23. That's down from the three-year high levels it had been at the past few weeks.

The four-week average of weekly claims, which quiets some of the weekly volatility, rose by 750 to 218,250.

Weekly applications for jobless benefits are considered a proxy for U.S. layoffs.

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