Not so good
Layoff announcements ballooned in January, hitting the highest level for the month since 2009, according to a Thursday report from the global outplacement firm Challenger, Gray & Christmas.
The number of Americans filing new applications for unemployment benefits increased more than expected last week, likely boosted by snowstorms across much of the country, but labor market conditions remain stable.
Initial claims for state unemployment benefits jumped 22,000 to a seasonally adjusted 231,000 for the week ended January 31, the Labor Department said on Thursday.
The number of people receiving unemployment benefits after an initial week of aid, a proxy for hiring, increased 25,000 to a seasonally adjusted 1.844 million during the week ended January 24, the claims report showed.
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