US saw more applications for unemployment benefits last week, despite historically low layoffs

Unemployment claims in the US increased by 14,000 for the week ending 11 January, amidst a robust job market with low layoffs. December saw a rise in job growth, while job openings peaked in November, indicating strong hiring intentions despite some high-profile companies announcing job cuts.

Jan 16, 2025 - 22:30

US saw more applications for unemployment benefits last week, despite historically low layoffs

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Unemployment claims in the US increased by 14,000 for the week ending 11 January, amidst a robust job market with low layoffs. December saw a rise in job growth, while job openings peaked in November, indicating strong hiring intentions despite some high-profile companies announcing job cuts.