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Home News Workforce

Jobless Claims Fall Again, Reaching Lowest Levels Since April

Although experts have pointed to a weakening economy, high inflation and layoffs as signs that the job market is drying up, the slight dip in unemployment finds a softer landing.

Aayat AlibyAayat Ali
September 29, 2022
in Workforce
Reading Time: 1 min read
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Jobless Claims Fall Again Reaching Lowest Levels Since April

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The U.S. Labor Department’s most recent report shows that unemployment claims fell in the week ending September 24 by 16,000 — the lowest level seen since April.   

Although experts have pointed to a weakening economy, high inflation and layoffs as signs that the job market is drying up, the slight dip in unemployment finds a softer landing.   

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The Federal Reserve has consistently hiked up interest rates in an effort to stave off inflation and hamper down borrowing, but it has done little for companies still struggling to fill in job vacancies. 

Because of this war for talent, employers are doing more to ensure they retain their current staff, including offering new benefits, higher salaries and other perks. 

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Nexudus - Tech Stack Lovers

Officials state that the unemployment rate is expected to rise in the battle against inflation, but recent dips could indicate a need for another interest rate hike.  

Source: AP News
Tags: BusinessHuman ResourcesWorkforce
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Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

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