US Weekly Jobless Claims Rise Slightly; Job Growth Remains Modest
Labor Department reports a decline in job openings, with 8.73 million in October, the fewest since March 2021.
- US weekly jobless claims rose slightly by 1,000 to a seasonally adjusted 220,000.
- The four-week moving average for unemployment claims was 220,750, up 500 from the previous week.
- The insured unemployment rate was 1.2%.
- Job growth was modest in November, with private companies adding 103,000 jobs.
- The Labor Department's monthly Job Openings and Labor Turnover Survey showed 8.73 million job openings in October, a 6.6% decline from September.
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