Particle.news

Download on the App Store

Job market stays strong despite surge in jobless claims

  • Applications for unemployment benefits fell to 239,000 last week despite an increase over the past three weeks.
  • The economy grew at an annual rate of 2% in the first quarter, higher than previously estimated.
  • Employers added 339,000 jobs last month, surpassing expectations.
  • The economy remains strong despite interest rate hikes by the Federal Reserve.
  • Some sectors like tech, manufacturing and real estate have seen major layoffs recently.
Hero image