US applications for unemployment benefits rose to their highest level in more than a year, but remain at relatively low levels despite efforts by the Federal Reserve to cool the economy and job market in its battle against inflation.
Jobless claims in the US for the week ending April 8 rose by 11,000 to 239,000 from the previous week, the Labour Department said Thursday. That’s the most since January of 2022 when 251,000 people filed for unemployment benefits.
