Jobless Claims Climb as Manufacturing Hiring Stalls

Unemployment claims rose last week, while US manufacturing hiring stalled, highlighting growing concerns about labor market stability.
Jobless Claims Climb as Manufacturing Hiring Stalls
People walk by the New York Stock Exchange in New York City on July 5, 2024. Spencer Platt/Getty Images
Tom Ozimek
Updated:
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Unemployment claims rose last week while hiring activity in the U.S. manufacturing sector slowed to a standstill last month, signaling potential strain in the labor market.

Initial filings for unemployment benefits rose by 4,000, to 232,000 for the week that ended on Aug. 17, according to data released on Aug. 22 by the Department of Labor. The number was slightly above consensus estimates of 230,000 and higher than the previous week’s upwardly revised level of 228,000.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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