US jobless claims rose slightly last week, while recurring applications surged to a record high of 1.9 million, reflecting persistent struggles for many on benefits. The Labor Department reported that initial claims edged up by 6,000 to 223,000, though they remain relatively low compared to previous peaks. This increase in continuing claims indicates a workforce with millions still employed but unable to secure stable jobs, highlighting the challenges facing the US labor market over three years.
Source: https://www.bloomberg.com/news/articles/2025-01-23/us-jobless-claims-rise-only-slightly-remain-at-low-levels