MarketWatch
US · 2 hrs ago
✦ 78◉ Centre
Jobless claims jump to a 4-month high, but don’t be fooled: Layoffs aren’t on the rise
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Quality 78/100
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◉ Centre ✓ Fair headline
Jobless claims rose to a four-month high at the end of May, but the increase is primarily attributed to the timing of the Memorial Day holiday rather than a genuine uptick in business layoffs.
Jobless claims jump to a 4-month high, but don’t be fooled: Layoffs aren’t on the rise
The number of people who applied for unemployment benefits at the end of May jumped to a four-month high, but not because businesses are laying off more workers. The timing of the Memorial Day holiday was a major factor.
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