{"id":2329282,"date":"2024-08-22T14:46:54","date_gmt":"2024-08-22T18:46:54","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/number-of-americans-filing-for-unemployment-rises-again\/"},"modified":"2024-08-22T14:50:46","modified_gmt":"2024-08-22T18:50:46","slug":"number-of-americans-filing-for-unemployment-rises-again","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/number-of-americans-filing-for-unemployment-rises-again\/","title":{"rendered":"Number of Americans Filing for Unemployment Rises Again"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnumber-of-americans-filing-for-unemployment-rises-again%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2329282&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Recent reports indicate an increase in unemployment benefits\u200b claims in \u200bthe U.S., \u200cwith jobless claims rising by 4,000 to reach a total\u2063 of 232,000 for the week ending August 17. The four-week average also saw a slight decrease. As of August 10, approximately 1.86 million Americans \u2062were <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-directly-confronts-republicans-accusations-that-unemployment-benefits-keep-people-unemployed\/\" title=\"Biden Directly Confronts Republicans\u2019 Accusations That Unemployment Benefits Keep People Unemployed\">receiving unemployment benefits<\/a>, reflecting a rise in claims since May. Analysts have noted that this trend aligns with the impact of\u2064 high interest rates on the\u200c job market, which the Federal \u200dReserve has\u200c been actively managing to combat inflation. Despite a decrease in inflation\u200b rates, consumer prices remain significantly higher than pre-2021 levels, leading to voter concern ahead of the upcoming presidential elections. The labor market also showed slower job growth, \u2064with only 114,000 jobs added in\u200d July, which was notably below earlier averages. Further revisions from the\u2063 Labor\u200d Department indicate a reduction \u200bin job\u2064 growth \u2062over the \u2062past year,\u2063 suggesting a softening of \u2062the labor market and possible <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/inflation-fell-slightly-to-3-3-in-may\/\" title=\"Inflation dropped to 3.3% in May\">upcoming rate cuts<\/a>\u2062 from the Federal Reserve.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section>\n<p>The number of Americans filing for unemployment benefits rose last week.<\/p>\n<p>Jobless claims rose by 4,000 to 232,000 for the week of August 17th, the <a href=\"https:\/\/www.westernjournal.com\/labor-department-rehires-staffer-leftist-reporters-fake-news-exposed\/\" target=\"_blank\" rel=\"noopener\">Labor Department<\/a> reported Thursday. The four-week average of claims, which evens out some of the weekly gyrations, ticked down by 750 to 236,000.<\/p>\n<p>For the week ending August 10th, 1.86 million Americans were collecting jobless benefits, 4,000 more than the week before.<\/p>\n<p>From January through May, claims averaged 213,000 a week. But they started rising in May, hitting 250,000 in late July and adding to evidence that high interest rates are taking a toll on the U.S. job market.<\/p>\n<p>The Federal Reserve, fighting inflation that hit a four-decade just over two years ago, raised its benchmark interest rate 11 times in 2022 and 2023, taking it to a 23-year high. Inflation has come down steadily &mdash; from more than 9 percent in June 2022 to a three-year low of 2.9 percent last month.<\/p>\n<p>  <script> \t\t\t\tif( ! getCookie( 'ff_subbed' ) ) if( typeof FFADS.replace_ict !='undefined' ) if( FFADS.replace_ict ) eval( FFADS.replace_ict ); \t\t\t<\/script> <\/p>\n<p>The economy is weighing heavily on voters as they prepare for November&rsquo;s presidential election. Despite decelerating inflation, Americans are still exasperated that consumer prices are 19 percent higher than they were before inflation started to take off in 2021. Many blame <a href=\"https:\/\/www.westernjournal.com\/joe-biden-never-good-man-proof-disgraced-not-celebrated\/\" target=\"_blank\" rel=\"noopener\">President Joe Biden<\/a>, though it is unclear whether they will hold Vice President Kamala Harris responsible as she seeks the presidency.<\/p>\n<p>Lately, higher rates have finally seemed to be taking a toll. Employers added just 114,000 jobs in July, well below the January-June monthly average of nearly 218,000. The unemployment rate rose for the fourth straight month in July.<\/p>\n<p>Earlier this week, the Labor Department reported that the U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported. The revised total supports evidence that the job market has been steadily slowing and likely reinforces the Federal Reserve&rsquo;s plan to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hot-inflation-fuels-bets-on-supersized-fed-rate-hike\/\" title=\"Hot inflation fuels bets on supersized Fed rate hike\">start cutting interest rates<\/a> soon.<\/p>\n<p>The Labor Department estimated that job growth averaged 174,000 a month in the year that ended in March &mdash; a decline of 68,000 a month from the 242,000 that were initially reported. The revisions released Wednesday were preliminary, with final numbers to be issued in February next year.<\/p>\n<p>On top of that, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/great-resignation-quits-remain-near-record-high\/\" title=\"Great Resignation: Quits Remain Near Record High\">monthly job openings<\/a> have fallen steadily since peaking at a record 12.2 million in March 2022. They were down to 8.2 million in June.<\/p>\n<p>As signs of an <a href=\"https:\/\/www.westernjournal.com\/obama-unwittingly-credits-trump-economic-recovery\/\" target=\"_blank\" rel=\"noopener\">economic slowdown<\/a> accumulate and inflation continues to drift down toward its 2 percent target, the Fed is expected to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasurys-off-to-their-best-start-to-the-year-since-2001\/\" title=\"Treasurys Off to Their Best Start to Year Since 2001\">start cutting rates<\/a> at its next meeting in September.<\/p>\n<p style=\"font-style: italic;\">The Western Journal has reviewed this Associated Press story and may have altered it prior to publication to ensure that it meets our editorial standards.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\">  <\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> <label>* Name<\/label> <br \/> <input type=\"text\" name=\"name\" required> <\/div>\n<div class=\"sc--field\"> <label>* <\/label> <br \/> <input type=\"text\" name=\"\" required> <\/div>\n<p> <label>* Message<\/label> <br \/> <textarea name=\"message\" required><\/textarea>  <\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> <input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\">  <\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> <script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! ( opts[inputs[i]]=document.querySelector( '.entry-submit-correction [name=\"' + inputs[i] + '\"]' ).value ) ) { \t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .required-message' ).style.display='block'; \t\t\t\t\t\treturn; \t\t\t\t\t}  \t\t\t\t\tdocument.querySelector( '.entry-submit-correction input[type=\"submit\"]' ).style.display='none'; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).src=firefly_loading_gif_url; \t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='inline-block';  \t\t\t\t\tconsole.log( 'ma subbing' );  \t\t\t\t\tif( firefly_post_id ) opts['post_id']=firefly_post_id;  \t\t\t\t\t\/* Send the data using post with element id name and name2*\/ \t\t\t\t\tvar posting=jQuery.post( firefly_ajax_url, opts );  \t\t\t\t\t\/* Alerts the results *\/ \t\t\t\t\tposting.done( function( response ) { \t\t\t\t\t\tif( response.success ) { \t\t\t\t\t\t\tconsole.log( response.data ); \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-submitting-img' ).style.display='none'; \t\t\t\t\t\t\tdocument.querySelector( '.entry-submit-correction .firefly-sc-confirm' ).style.display='block';  \t\t\t\t\t\t\tdataLayer.push( { 'event': 'submit-correction' } ); \t\t\t\t\t\t} \t\t\t\t\t}); \t\t\t\t}); \t\t\t} \t\t<\/script>  <\/div>\n<div class=\"ff-fancy-header-container\">  <\/div>\n<style> \t\t\t \t\t\t.insticator-unit.type-commenting{margin: 0 10px 25px 10px}@media screen and (max-width:1060px){#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{margin: 0 auto 25px auto !important;}}#div-insticator-ad-cmt-1, #div-insticator-ad-cmt-2, #div-insticator-ad-cmt-3, #div-insticator-ad-cmt-4{height: 280px !important; width: 336px !important} \t\t<\/style>\n<div class=\"insticator-unit type-commenting\">\n<div class=\"insticator-ads\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-1\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-2\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-1\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-2\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<div class=\"insticator-ads additional\">   <script data-cfasync=\"false\" type=\"text\/javascript\"> \t\t\t\t\tif ( ! getCookie( \"ff_subbed\" ) ) { \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-3\"); \t\t\t\t\t\tInsticator.ad.loadAd(\"div-insticator-ad-cmt-4\"); \t\t\t\t\t} else { \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-3\").remove() \t\t\t\t\t\tdocument.getElementById(\"div-insticator-ad-cmt-4\").remove() \t\t\t\t\t} \t\t\t\t<\/script> <\/div>\n<\/p><\/div>\n<\/section>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The number of Americans applying for unemployment benefits increased last week. According to the Labor Department&#8217;s report on Thursday, jobless claims rose by 4,000 to reach 232,000 for the week ending August 17th. Meanwhile, the four-week average of claims, which smooths out weekly fluctuations, decreased by 750 to 236,000. As of the week ending August 10th, there were 1.86 million Americans receiving unemployment benefits\u2014an increase of 4,000 from the previous week. From January to May, weekly claims averaged around 213,000 but began rising in May and reached 250,000 by late July. This trend adds to concerns that high interest rates are impacting the U.S. job market significantly. The Federal Reserve has raised its benchmark interest rate eleven times over the past two years in an effort to combat inflation that peaked at a four-decade high just over two years ago; however, inflation has gradually decreased from more than nine percent in June 2022 to a three-year low of 2.9 percent last month.<\/p>\n<p>As voters gear up for November\u2019s presidential election, economic conditions weigh heavily on their minds. Despite a slowdown in inflation rates, many Americans remain frustrated as consumer prices are still about nineteen percent higher than they were before inflation surged in 2021\u2014a situation many attribute to President Joe Biden&#8217;s policies; it remains uncertain if Vice President Kamala Harris will also face scrutiny as she campaigns for presidency herself.<\/p>\n<p>Recently reported data indicates that employers added only 114,000 jobs in July\u2014significantly lower than the monthly average of nearly 218,000 jobs created between January and June\u2014and this marked an increase in unemployment rates for four consecutive months through July.<\/p>\n<p>Earlier this week revealed that from April through March this year there were approximately **818** thousand fewer jobs added than initially reported by the Labor Department\u2014a revision suggesting a steady decline in job market growth and likely reinforcing plans by the Federal Reserve to begin cutting interest rates soon.<\/p>\n<p>The Labor Department estimated an average monthly job growth rate of **174** thousand during this period\u2014a drop from previously reported figures averaging **242** thousand per month\u2014with final numbers expected next February after preliminary revisions released Wednesday.<\/p>\n<p>Additionally monthly job openings have consistently declined since reaching a record high of **12.2 million** in March **2022**, falling down to **8.2 million** by June.<\/p>\n<p>With mounting signs indicating an economic slowdown alongside decreasing inflation trending toward its target rate of two percent\u2014the Fed is anticipated to initiate interest rate cuts at their upcoming meeting scheduled for September<\/p>\n","protected":false},"author":1,"featured_media":2329283,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/08\/d21c7828da1749a9b1e9f1b13f0c4b1f-scaled.jpg","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[37423,36995,36205,4846,38981],"class_list":["post-2329282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-economic-trends","tag-jobs-report","tag-labor-market","tag-unemployment","tag-us-economy"],"fifu_image_url":"https:\/\/www.westernjournal.com\/wp-content\/uploads\/2024\/08\/d21c7828da1749a9b1e9f1b13f0c4b1f-scaled.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2329282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2329282"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2329282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2329283"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2329282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2329282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2329282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}