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.
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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