Bidenomics at work.
https://www.cnbc.com/2024/05/09/weekly-jobless-claims-jump-to-231000-the-highest-since-august.html
https://www.cnbc.com/2024/05/09/weekly-jobless-claims-jump-to-231000-the-highest-since-august.html
- Jobless claims totaled a seasonally adjusted 231,000 for the week ending on May 4, up 22,000 from the week before.
- It was the highest claims number since late August 2023.
- Continuing claims, which run a week behind, increased to 1.78 million, up 17,000 from the previous week.