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US jobless claims rise to highest since October 2021
US unemployment applications have reached their highest since October 2017, causing concern that the market is beginning to stagnate. Continuing claims rose by 12,000 to 1.81 million, revealing how hard it is finding work after losing a job. This labour-market decay has been a trend for recent months as some sectors, particularly white-collar ones such as banking and technology, deteriorate.
US unemployment applications have reached their highest since October 2017, causing concern that the market is beginning to stagnate. Continuing claims rose by 12,000 to 1.81 million, revealing how hard it is finding work after losing a job. This labour-market decay has been a trend for recent months as some sectors, particularly white-collar ones such as banking and technology, deteriorate. 
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