Arrow-right Camera

The Spokesman-Review Newspaper The Spokesman-Review

Saturday, May 30, 2020  Spokane, Washington  Est. May 19, 1883
Partly Cloudy Day 73° Partly Cloudy
News >  Business

U.S. jobless claims rose slightly to 234,000 last week

Associated Press

WASHINGTON – Slightly more people sought U.S. unemployment benefits last week, but jobless claims remained at historically low levels.

The Labor Department says applications for weekly unemployment aid rose 1,000 to 234,000. The four-week average, a less volatile figure, fell 5,750 to 235,250.

Applications are a close indication of layoffs. They have been below 300,000, a historically low figure, for 116 weeks. That’s the longest streak since 1970.

The ultra-low figure adds to evidence that companies are holding onto workers and hiring at a steady pace. Americans are spending more, factories have cranked up output and home sales are strong, boosting the economy after it barely expanded in the first three months of the year.

Subscribe to the Coronavirus newsletter

Get the day’s latest Coronavirus news delivered to your inbox by subscribing to our newsletter.

Asking the right questions of your CBD company

Bluegrass Hemp Oil in Spokane Valley offers a variety of products that can be very effective for helping with some health conditions. (Courtesy BHO)

If you are like most CBD (cannabidiol) curious consumers, you’ve heard CBD can help with many ailments.