Ticker: Jobless claims hover near recent low; Hyundai recalls over 226,000 cars and SUVs

The number of Americans applying for unemployment benefits fell last week, remaining near seven-month lows.

Jobless claim applications fell by 2,000 to 213,000 for the week of Nov. 23, the Labor Department reported Wednesday. The previous week’s level was revised up by 2,000 from 213,000, to 215,000.

However, continuing claims, the total number of Americans collecting jobless benefits, rose by 9,000 to 1.91 million for the week of Nov. 16. That’s the highest number since Nov. 13, 2021.

While the number of new people applying for jobless aid each week remains at historically healthy levels, some who are receiving benefits are finding it harder to land new jobs. That suggests that demand for workers is waning, even as the economy remains strong.

The four-week average of weekly claims, which quiets some of the weekly volatility, was 1.9 million, an increase of 13,500 from the previous week’s revised average.

With inflation still elevated, Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves.

Hyundai recalls over 226,000 cars and SUVs

Hyundai is recalling more than 226,000 SUVs and small cars in the U.S. because the rearview camera image may not show up on the screens.

The recall covers certain Santa Fe and Elantra vehicles from the 2021 and 2022 model years.

Hyundai says in documents posted Wednesday by U.S. safety regulators that solder joints on a printed circuit board can develop cracks that can worsen over time and cause the cameras to fail. That can reduce visibility and increase the risk of injury to pedestrians.

Dealers will replace the cameras at no cost to owners, who will be notified by letters starting Jan. 19.

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