Jobless claims reach highest level since 2021, a sign layoffs are rising

CBS News·Sep 11

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Jobless claims have reached their highest level since 2021, which may indicate an increase in layoffs. However, reports on the current state of the labor market and unemployment rate are somewhat inconsistent, with some areas showing added jobs and others experiencing a rise in unemployment. The overall trend suggests a potential softness in the labor market, with some indicators, such as long-term unemployment, reaching post-pandemic highs.

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Jobless claims reach highest level since 2021, a sign layoffs are rising

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