Massive layoffs in USA? Here's what data reveals
ET Year-end Special Reads
Corporate Kalesh: Top family disputes of India Inc in 2024
The world of business lost these eminent people in 2024
Fast, faster, fastest: How 2024 put more speed into your shopping
Jobless claim applications ticked down by 1,000 to 219,000 for the week of December 21, the Labor Department reported Thursday. That’s fewer than the 223,000 analysts forecast, as per an AP report.
Continuing claims, the total number of Americans collecting jobless benefits, climbed by 46,000 to 1.91 million for the week of December 14. That's more than analysts projected and the most since the week of November 13, 2021 when the labor market was still recovering from the COVID-19 jobs wipeout in the spring of 2020, AP reported.
The rising level of continuing claims suggests that some who are receiving benefits are finding it harder to land new jobs. That could mean that demand for workers is waning, even though the economy remains strong.
The four-week average of weekly claims, which quiets some of the week-to-week volatility, inched up by 1,000 to 226,500. Weekly applications for jobless benefits are considered representative of U.S. layoffs.
Artificial Intelligence(AI)
Java Programming with ChatGPT: Learn using Generative AI
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrows Innovations
By — Metla Sudha Sekhar, IT Specialist and Developer
Artificial Intelligence(AI)
Generative AI for Dynamic Java Web Applications with ChatGPT
By — Metla
