Americans Filing Jobless Claims At Highest Level In 8 Months

The video discusses the recent rise in jobless aid applications, with 251,000 Americans applying, marking the highest level in eight months. This is an increase of 7,000 from the previous week. Additionally, the number of Americans receiving unemployment benefits rose by 51,000, indicating a potential weakening of the labor market, which had been near 50-year lows for months.

How long had the unemployment benefits been hovering near 50 year lows?

What does the recent trend in jobless aid applications suggest about the labor market?