Traffic jam:   1

The number of jobless claims in the US rose

6 October 2022
2 min.
The number of jobless claims in the US rose

Unemployment benefits

The number of Americans filing initial claims for unemployment benefits during the week stood at 219,000. Such data was released by the US Department of Labor on Thursday.

The number of applications for seven days ended October 1, increased by 29 thousand compared to the adjusted figure for the previous week (190 thousand).

Economists, interviewed by Bloomberg agency, forecasted that this indicator would increase to 204,000.

The four-week moving average rose by 250 to 206,500.

It is worth noting that a separate report released Thursday by global employment firm Challenger, Gray and Christmas showed that US employers announced 29,989 job cuts in September, up 46.4% from August. The job cuts, led by retailers, were up 67.6% on last year. However, layoffs this year were down 21% compared with the first nine months of 2021.

Employers also announced plans to hire 380,014 workers last month, the lowest since September 2011.

Also, the US government said on Tuesday that job vacancies fell by 1.1 million, the biggest drop since April 2020, to 10.1 million on the last day of August. However, economists do not expect mass layoffs, saying companies were wary of laying off their workers after hiring difficulties last year as the COVID-19 pandemic forced some people out of work, in part because of lingering illness caused by the virus.

Jobless claims generally reflect layoffs, which have remained historically low since the initial purge of more than 20 million jobs at the start of the coronavirus pandemic in spring 2020.

Recent employment data showed that the labour market may be cooling slightly, an important factor for the Federal Reserve when it meets early next month to decide whether to raise its main lending rate again.

Companies3 in the news



Rating companies
17 Mention
JP Morgan Chase
16 Mention
Dow Jones
15 Mention
15 Mention
X (Twitter)
13 Mention
Walt Disney Company
13 Mention
11 Mention
11 Mention


News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Died this year
Born this year