Continuing US Jobless Claims Rise to Highest Since February

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Economics
Jobs

Continuing US Jobless Claims Rise to Highest Since February
• Three-week jump in continuing claims is most since May 2020
• California, New York posted biggest rise in initial claims

By Augusta Saraiva
December 8, 2022, 1:33 PM UTC Updated on December 8, 2022, 1:58 PM UTC

@gutavsaraiva

Recurring applications for US unemployment benefits rose to the highest since early February, suggesting that Americans who are losing their job are having more trouble finding a new one as the labor market shows tentative signs of cooling.

Continuing claims, which include people who have already received unemployment benefits for a week or more, climbed by 62,000 to 1.7 million in the week ended Nov. 26, Labor Department data showed Thursday.

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