Jobless Claims Rise Slightly But Layoffs Remain Historically Low as Job Market Shows Resilience
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More Americans applied for unemployment benefits last week, but layoffs remain historically low.
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Jobless claims rose by 13,000 to 215,000 for the week ending Feb. 24.
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1.9 million Americans were collecting jobless benefits during the week ending Feb. 17, up 45,000.
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The job market and economy continue to show resilience despite high interest rates intended to cool wage growth.
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Some notable companies like Google, eBay, UPS and Macy's have recently announced layoffs amid an uptick in tech and media job cuts.