Skip to content
August 25, 2025
  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • tiktok
MILLENNIUM NEWS 24/7

MILLENNIUM NEWS 24/7

Bridging The Community’s World Wide

  • Home
  • IP TV LIVE
  • PODCAST
  • U.S.News
  • LOCAL ELECTION
  • State News
    • Alabama
    • Alaska
    • Arizona
    • Arkansas
    • California
    • Colorado
    • Connecticut
    • Delaware
    • Florida
    • Georgia
    • Hawaii
    • Idaho
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Louisiana
    • Maryland
    • Massachusetts
    • Michigan
    • Maine
    • Minnesota
    • Mississippi
    • Missouri
    • Montana
    • Nebraska
    • Nevada
    • New Hampshire
    • New Jersey
    • New Mexico
    • New York
    • North Carolina
    • North Dakota
    • Oregon
    • Pennsylvania
    • Rhode Island
    • South Carolina
    • South Dakota
    • Tennessee
    • Texas
    • Virginia
    • Washington
    • West Virginia
    • U.S. Virgin Islands
  • Politics
  • World News
  • Sports
  • Entertainment
  • Weather
  • Business
  • Health News
  • ADVERTISEMENT
  • About Us
  • Contact us
Live TV

Applications for jobless benefits up modestly, but continuing claims reach highest level in 2 years

Slightly more Americans filed for jobless claims last week, but the overall number of people in the U.S. collecting unemployment benefits rose to its highest level in two years.

Applications for unemployment benefits rose by 7,000 to 218,000 for the week ending Nov. 25, the Labor Department reported Thursday.

However, 1.93 million people were collecting unemployment benefits the week that ended Nov. 18, about 86,000 more than the previous week and the most in two years. Continuing claims have risen in nine of the past 10 weeks.

Jobless claim applications are seen as representative of the number of layoffs in a given week.

Analysts say the continuing claims are rising because many of those who are already unemployed may now be having a harder time finding new work.

And while the labor market remains strong, some softness is beginning to show.

Hiring has slowed from the breakneck pace of 2021 and 2022 when the economy rebounded from the COVID-19 recession. Employers added a record 606,000 jobs a month in 2021 and nearly 400,000 per month last year. So far in 2023, monthly hiring has averaged a still-solid 239,000, but it’s come in below 200,000 in three of the last five months.

Employers are also posting fewer job openings.

The Federal Reserve has raised its benchmark interest rate 11 times since March 2022 to slow the economy and rein in inflation that hit a four-decade high last year. The job market and economic growth remained surprisingly resilient, defying predictions that the economy would slip into a recession this year.

At the same time, inflation has decelerated markedly.

The Commerce Department reported Thursday that the Federal Reserve’s preferred inflation measure cooled last month, the latest sign that price pressures are waning in the face of high interest rates and moderating economic growth.

Prices were unchanged from September to October, down from a 0.4% rise the previous month. Compared with a year ago, prices rose 3% in October, below the 3.4% annual rate in September. It was the lowest year-over-year inflation rate in more than 2 1/2 years.

Labor’s layoffs data Thursday also showed that the four-week moving average of jobless claim applications — which flattens out some of weekly volatility — fell by 500 to 220,000.

About Author

dreamboy

See author's posts

Post navigation

Previous GM believes it will start making money on electric vehicles in 2025 as higher margin models arrive
Next Autoworkers strike cut Ford sales by 100,000 vehicles and cost company $1.7 billion in profits

Related Stories

European postal services suspend shipment of packages to US over import tariffs

European postal services suspend shipment of packages to US over import tariffs

Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts

Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts

Republicans look to make a U-turn on federal commitment to electric vehicles for the Postal Service

Republicans look to make a U-turn on federal commitment to electric vehicles for the Postal Service

Entertainment

Pennsylvania’s Chautauqua is a summertime haven for lifelong learners 1

Pennsylvania’s Chautauqua is a summertime haven for lifelong learners

Mariah the Scientist’s ‘Hearts Sold Separately’ mixes love potions and pensive emotions 2

Mariah the Scientist’s ‘Hearts Sold Separately’ mixes love potions and pensive emotions

At the Pennsylvania Chautauqua, the ‘good use of leisure time’ is an art form 3

At the Pennsylvania Chautauqua, the ‘good use of leisure time’ is an art form

Brent Hinds, former Mastodon singer-guitarist, dies at 51 in motorcycle crash 4

Brent Hinds, former Mastodon singer-guitarist, dies at 51 in motorcycle crash

Frank Caprio, Rhode Island judge who drew a huge online audience with his compassion, dies at 88 5

Frank Caprio, Rhode Island judge who drew a huge online audience with his compassion, dies at 88

The story behind Devo’s ‘Whip It’ and their misunderstood legacy 6

The story behind Devo’s ‘Whip It’ and their misunderstood legacy

‘Ketamine Queen’ accused of selling fatal dose to Matthew Perry agrees to plead guilty 7

‘Ketamine Queen’ accused of selling fatal dose to Matthew Perry agrees to plead guilty

Top News

4 Palestinians shot dead by Israeli forces while seeking aid near Gaza City, witnesses say

4 Palestinians shot dead by Israeli forces while seeking aid near Gaza City, witnesses say

Pennsylvania’s Chautauqua is a summertime haven for lifelong learners

Pennsylvania’s Chautauqua is a summertime haven for lifelong learners

Moscow says Kyiv has struck a nuclear power plant as Ukraine marks independence day

Moscow says Kyiv has struck a nuclear power plant as Ukraine marks independence day

Israeli forces kill 4 more aid seekers as northern Gaza braces for looming offensive

Israeli forces kill 4 more aid seekers as northern Gaza braces for looming offensive

  • Home
  • About Us
  • Facebook
  • Twitter
  • Instagram
  • Youtube
  • tiktok
Editor: Nur M Tofader, Home Office: 250 Park Avenue, 7th Floor, New York, NY 10177 Tell: 718 893 0002 (Office), 7188441300, +1212 401 6266, e-mail: Info@millenniuamtv24.com, e-mail: Info@millenniuamnews24.com, Copyright © Millennium News 24/7 | DarkNews by AF themes.