Slightly more Americans filed for jobless claims last week but the labor market remains one of strongest parts of the U.S. economy.
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The number of Americans applying for unemployment benefits came back down last week, hovering near levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes.
The Virginia Employment Commission announced this week that a criminal investigation was underway after the agency identified approximately 4,200 unemployment insurance claims that “may have been compromised.”
Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels.
The number of Americans applying for unemployment benefits last week fell to its lowest level in 52 years as the U.S. job market continues to show strength in the midst of rising costs and an ongoing virus pandemic.