U.S. Jobless Claims Rise Slightly

States reported that 262,000 workers filed for new unemployment benefits during the week ending August 6. Unemployment claims have generally been rising this year and are hovering near the highest level since Nov. 2021. Prior to that, claims had been running around their lowest levels since the late 1960s, but started ticking higher in June, coinciding with an increase in job cuts and hiring freezes being reported, primarily in the technology sector.
Source: New feed 2