Unemployment Benefit Claims Dipped Slightly Last Week as Layoffs Remain Low
Claims held near 57-year lows as employers kept workers on payrolls despite sluggish hiring and a September gain of just 29,000 jobs, economists said.
- The Labor Department reported initial state unemployment claims fell to 197,000 for the week ended October 3, keeping claims near 57-year lows.
- Claims have held near 57-year lows for four straight weeks, consistent with what economists described as a "low-hire, low-fire" labor market.
- Nonfarm payrolls increased 29,000 jobs in September while the unemployment rate ticked up to 4.2%, and continued claims rose 17,000 to 1.716 million.
- Federal Reserve minutes published Wednesday showed officials judged the labor market as stable and close to maximum employment; policymakers raised the benchmark rate to 3.75%-4.00%.
- The median duration of unemployment reached 11.5 weeks, near a 4-1/2-year high, as economic uncertainty from tariffs and the US-Israeli war with Iran pushed commodity prices higher.
26 Articles
26 Articles
The Korea Times
Unemployment benefit claims dipped slightly last week as layoffs remain low
WASHINGTON — The number of people applying for U.S. unemployment benefits fell slightly last week as layoffs remain low and most American workers enjoy job security. The Labor Department said Thursday that initial jobless claims ticked down to 197,000 from a revised 199,000 the week before. The four-week average of claims, which smooths out week-to-week volatility, dropped by 2,500 to 198,000. Claims for jobless benefits are a proxy for layoffs,…
The unemployment insurance claims in the United States fell to 197 thousand in the week closed on October 3, a decrease of 2 thousand compared to the number of the previous week, according to data released on Thursday (8) by the Department of Labour. The result came below the market consensus of 200 thousand. The four-week moving average was 198 thousand, a decrease of 2.5 thousand compared to the revised average of the previous week. Already th…
(New York = Yonhap News) Correspondent Lim Soo-jung = New unemployment claims in the U.S. have decreased slightly, indicating that corporate layoffs remain at a low level.
Unemployment benefit claims dipped slightly last week as layoffs remai
WASHINGTON (AP) — The number of people applying for U.S. unemployment benefits fell slightly last week as layoffs remain low and most American workers enjoy job security . The Labor Department said Thursday that initial jobless claims
US weekly jobless claims fall as layoffs remain low
WASHINGTON, Oct 8 (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued labor market stability despite job growth slowing sharply in September. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 197,000 for the week ended October 3, the Labor Department said on Thursday. Economists polled by Reuters had forecast 200,000 claims for the latest week…
Coverage Details
Bias Distribution
- 42% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
