Recent Job Data for Tulsa Highlights Lowest Unemployment Benefit Applications Since September 2022
The number of Americans applying for unemployment benefits last week fell to its lowest level in more than a year, demonstrating the robustness of the labor market despite high interest rates aimed at slowing the economy. Jobless claims dropped to 187,000 for the week ending Jan. 13, a decrease of 16,000 from the previous week, the Labor Department reported. This is the smallest number since September of 2022.
The four-week average of claims, a measure that is less subject to weekly fluctuations, dropped by 4,750 to 203,250. This is the lowest four-week average in almost a year. Overall, 1.81 million Americans were collecting unemployment benefits during the week ending Jan. 6, a decline of 26,000 from the previous week.
Weekly unemployment claims generally represent the number of American layoffs in a given week. Despite high interest rates and subsequent inflation, they have remained remarkably low.
Are you experiencing unemployment and need assistance? The Employment Development Department (EDD) in your state is available to help. Understandably, navigating unemployment can be complex. Here’s how to get through to EDD. Firstly, visit the EDD’s official website and go to the Contact Us page. From there, you can send an email or find the appropriate phone number. Remember, due to a high volume of inquiries, responses may take some time. If you prefer talking to a representative, you can call the provided EDD phone number during their business hours.