Number of Americans Filing Jobless Claims Rises to Highest in Nearly 1 Year

Published on August 1, 2024

The number of Americans filing for unemployment benefits rose to an 11-month high last week, while the number of U.S. workers continuing to collect unemployment benefits rose to a multiyear high, delivering a fresh sign of labor market weakness. Initial jobless claims, which are often seen as a proxy for unemployment, jumped by 14,000 to 249,000 for the week that ended on July 27, according to data released on Aug. 1 by the Department of Labor. The reading was higher than the 236,000 market analysts expected and is the highest level in nearly a year. Weekly jobless claims have been drifting higher since the beginning of the year, with the four-week moving average—which smooths out some week-to-week fluctuations—showing this upward trend more clearly....

Continue reading on website
Other news

Liberal MP Says She Regrets ‘Distress’ Caused to Witnesses Who Left Meeting in Tears

August 1, 2024
Liberal MP Anita Vandenbeld fell short of an apology today after instigating a fracas that led two witnesses to storm out of a parliamentary committee hearing.Vandenbeld only says that she deeply regrets the “distress that this meeting caused the witnesses” on July 31.The MP had steered the rare summer meeting of the House of Commons status of women committee away from the planned topic of domesti

Paris Olympics: Canada’s Summer McIntosh Wins Gold in Women’s 200m Butterfly

August 1, 2024
PARIS—Summer McIntosh claimed her second gold medal of the Paris Olympics on Thursday as she fended off a strong field in the women’s 200 metres butterfly final.The 17-year-old touched the wall in an Olympic record time of 2:03.03 at La Defense Arena, 0.81 seconds ahead of American silver medallist Regan Smith.China’s Zhang Yufei took the bronze.It was McIntosh’s third medal of the Paris Games, ha