US weekly jobless claims decrease as labor market regains footing
The four-week average also fell to 202,250, and claims have mostly stayed below 220,000 this year, signaling layoffs remain scarce.
- On Thursday, the Labor Department reported 197,000 Americans applied for unemployment benefits last week, down from a revised 198,000 the previous week and the fewest since mid-July.
- Recalling COVID-19 labor shortages, employers remain reluctant to reduce staff, helping keep jobless claims consistently below 220,000 this year.
- The four-week average of claims fell to 202,250, smoothing volatility while the American job market remains sturdy despite higher energy prices.
- Forecasters surveyed by FactSet expect the Labor Department's September jobs report next week to show 52,500 new jobs and a 4.1% unemployment rate.
- Hiring remains modest by recent standards, averaging 80,000 jobs monthly this year, well below the 166,000 monthly average recorded in 2023 and 2024.
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US Weekly Jobless Claims Fall to 197,000, Pointing to Continued Labour Market Resilience
Get latest articles and stories on Business at LatestLY. US initial jobless claims fell to 197,000 in the week ended September 19, suggesting continued stability in labour market conditions even as the pace of hiring and employment growth remains closely watched. Business News | US Weekly Jobless Claims Fall to 197,000, Pointing to Continued Labour Market Resilience.
US jobless claims fall to 197,000, lowest since July
Washington: Fewer people applied for US unemployment benefits last week, as US jobless claims remain at historically low levels as most Americans enjoy job security. The Labour Department said Thursday, September 24, that 197,000 applied for unemployment checks last week, the fewest since mid-July and down from a revised 198,000 the week before. The four-week … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Pol…
(New York = Yonhap News) Correspondent Lim Soo-jung = Weekly new jobless claims in the U.S. fell slightly, falling short of market expectations.
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