The number of Americans filing for jobless benefits rose by 22,000 to 242,000 for the week ending Feb. 22, the Labor Department said Thursday. Analysts projected that 220,000 new applications would be filed.
Weekly applications for jobless benefits are considered a proxy for layoffs.
The four-week average, which evens out some of the week-to-week volatility, climbed by 8,500 to 224,000.
Some analysts say they expect layoffs ordered by the Department of Government Efficiency to show up in the report in the coming weeks.
Don’t worry, I’m sure fElon will make unemployment benefits even more efficient, too. Streamline the process by removing benefits from unemployment and those freeloaders will have to be efficient by taking the first underpaying offer given to them. /s
Is there such a thing as federal unemployment? When ive used it I went through my state
The actual efficiency would be UBI, but of course that’s never going to be on his agenda