Yeah, what is going on? >On Thursday the labor department said the number of people filing for unemployment benefits rose to 260,000 last week, up from 254,000

Yeah, what is going on? >On Thursday the labor department said the number of people filing for unemployment benefits rose to 260,000 last week, up from 254,000 the previous week. >The figure, known as initial jobless claims, is seen as a proxy for layoffs, and is now close to its 2022 peak and higher than the weekly average of 218,000 experienced before the pandemic.