Business & Finance
Jobless claims jump to a 4-month high, but don’t be fooled: Layoffs aren’t on the rise
Key Points
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.