By Austen Hufford
U.S. unemployment filings rose slightly last week, a sign the labor market remains tight despite layoffs at some companies and broader economic uncertainty.
Initial jobless claims, a proxy for layoffs, rose by 4,000 to a seasonally adjusted 230,000 last week, the Labor Department said Thursday. That was near the 2019 weekly average of around 218,000 when the labor market was also robust.
Continuing claims, which reflect the number of people seeking ongoing unemployment benefits, rose to their highest level since late February, though they also remain historically low. Continuing claims increased by 62,000 to 1.67 million in the week ended Nov. 26.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
12-08-22 0904ET
