U.S. Job Market , Remains Resilient Despite , Slight Rise in Jobless Claims.<br />ABC News reports that the number of people seeking <br />unemployment benefits in the United States remains at a <br />historically low level but has still ticked up in the last week.<br />According to a U.S. Labor Department report on <br />April 14, jobless claims rose by 18,000 after nearly <br />reaching the lowest level since 1968 last week.<br />According to a U.S. Labor Department report on <br />April 14, jobless claims rose by 18,000 after nearly <br />reaching the lowest level since 1968 last week.<br />ABC News reports that <br />the four-week average also <br />increased from 170,000 to 172,000. .<br />Claims are still at very low levels, <br />underscoring historically tight <br />labor market conditions, Nancy Vanden Houten, lead U.S. economist <br />at Oxford Economics, via ABC News.<br />We expect initial claims to remain <br />below (200,000) in the weeks ahead,<br />as employers, who continue to struggle <br />to attract and retain workers, <br />will keep layoffs to a minimum, Nancy Vanden Houten, lead U.S. economist <br />at Oxford Economics, via ABC News.<br />ABC News reports that weekly applications for unemployment aid have remained consistently below the pre-pandemic level of 225,000.<br />In 2021, employers added a record <br />6.7 million jobs and have added an average <br />of 560,000 more per month since 2022 began. .<br />In April of 2020, the unemployment rate <br />soared to 14.7% amid the COVID-19 recession. .<br />Now, that number stands, at just 3.6%, almost the lowest it's been in 50 years.<br />According to ABC News, , there are a record 1.7 job openings, for every individual job-seeking American.<br />As of April 2, less than , 1.48 million Americans were , collecting unemployment benefits. .<br />ABC News reports that the U.S. economy and job <br />market continue to show resilience despite , the ongoing pandemic, <br />Russia’s invasion of Ukraine <br />and skyrocketing consumer inflation
