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US applications for jobless aid fall to 206,000 last week as layoffs remain at historically low levels
Initial jobless claims fell to 206,000 last week, lower than forecasts, showing layoffs remain near historic lows despite slower hiring and economic uncertainty.
- For the week ending Feb. 14, the U.S. Labor Department reported weekly unemployment claims fell by 23,000 to 206,000, well below the 225,000 forecast by analysts surveyed by FactSet.
- While layoffs remain low-range, weekly layoffs have stayed mostly between 206,000 and 250,000 last week despite cuts announced by UPS, Amazon, Dow and the Washington Post.
- The Labor Department's four-week moving average of jobless claims decreased by 1,000 to 219,000, while weekly filings for the week ending Feb. 7 rose to 1.87 million, up 17,000.
- Economists remain divided over whether recent job gains signal recovery, with some Fed officials saying weak hiring shows high borrowing costs are weighing on growth.
- Looking across indicators, the labor market sends mixed signals as government payroll revisions cut 2024-2025 jobs to 181,000 and job openings fell in December, despite 130,000 jobs added earlier this month and unemployment dropping to 4.3% from 4.4%.
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Pittsburgh Post-Gazette+3 Reposted by 3 other sources
U.S. applications for jobless aid fall to 206,000 last week as layoffs remain low
U.S. applications for unemployment benefits fell last week as layoffs remain at historically low levels. The number of Americans filing for jobless aid...
·Pittsburgh, United States
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First-Time Unemployment Applications Drop to 206,000 | Corp! Magazine
Fewer American workers filed for unemployment benefits last week as opposed to the week before as layoffs hold at historically low levels. The Labor Department reported Thursday that 206,000 Americans filed for unemployment assistance in the week ending Feb. 14. That’s a drop of 23,000 from the previous week, and is lower than the 225,000 […]
Coverage Details
Total News Sources43
Leaning Left4Leaning Right7Center28Last UpdatedBias Distribution72% Center
Bias Distribution
- 72% of the sources are Center
72% Center
C 72%
R 18%
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