More Americans Apply for Jobless Benefits, but Layoffs Are Not Rising Significantly

More Americans Apply for Jobless Benefits, but Layoffs Are Not Rising Significantly
A hiring sign in Wheeling, Ill., on March 19, 2023. Nam Y. Huh/AP Photo
The Associated Press
Updated:
0:00

The number of Americans applying for jobless benefits rose last week, but remains at healthy levels despite the Federal Reserve’s attempt to cool the labor market by raising interest rates.

U.S. applications for jobless claims rose by 12,000 to 248,000 for the week ending July 1, from 236,000 previous week, the Labor Department reported Thursday.