U.S. filings for jobless aid fall to 215,000 as layoffs remain at historically healthy levels
The four-week average eased to 222,000, while employers added only 57,000 jobs in June, signaling a slower U.S. hiring pace.
- On Thursday, the Labor Department reported that U.S. applications for jobless aid fell by 1,000 to 215,000 for the week ending June 27, beating the 225,000 applications forecast by FactSet analysts.
- Employers added only 57,000 jobs last month, half the previous month's total, as hiring tapered due to President Donald Trump's tariffs, his purge of the federal workforce, and high interest rates.
- The unemployment rate dropped to 4.2% from 4.3% in May, though many out-of-work Americans stopped looking for jobs, while the four-week moving average of jobless claims fell to 222,000.
- Companies including Verizon, UPS, Amazon, Disney, Starbucks, and Walmart have cut jobs recently, reflecting corporate caution amid economic uncertainty and slowing hiring.
- Weekly jobless aid applications have stabilized between 200,000 and 250,000 since the pandemic recession, maintaining historically healthy levels despite the recent hiring slowdown.
41 Articles
41 Articles
U.S. Filings For Jobless Aid Fall; NYC Prepares For Busy July 4 Weekend
U.S. applications for jobless aid inched down last week as layoffs remain at historically healthy levels. The number of Americans filing for unemployment benefits in the week ending June 27 fell by 1,000 to 215,000, the Labor Department reported Thursday. U.S. employers slowed hiring last month and added only 57,000 jobs, less than half the previous month’s total and a sign companies still have a cautious economic outlook. New York City is prepa…
Initial jobless claims in the United States totaled 215,000 in the week ending June 27, according to data released Thursday by the U.S. Department of Labor. Exclusive content for subscribers. For full access, follow the link to the article and register.
Jobless claims dip to 215,000 as layoffs hold at low levels
U.S. applications for unemployment benefits fell by 1,000 last week to 215,000, according to the Labor Department. The figure is lower than the 225,000 new claims that analysts had predicted. The big picture: Weekly filings, a real-time indicator of job market health, continue to reflect historically low layoff levels. The June jobs report revealed only 57,000 new jobs added, less than half of the total from the previous month, indicating emplo…
Coverage Details
Bias Distribution
- 53% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
