US EditionThe number of Americans filing for jobless benefits last week hits 263,000, most in nearly 4 years
The surge to 263,000 claims reflects a sharp slowdown in hiring and increased layoffs, with the four-week average rising to 240,500, the highest since June, Labor Department data show.
- The Labor Department announced that jobless claims increased by 27,000 to 263,000 for the week ending September 6, marking the highest level recorded since October 2021.
- This increase followed broader economic weakening in 2025, including slower job growth and uncertainty from tariffs that prompted companies to reduce expansion plans.
- Data indicated that the four-week average of jobless claims increased by 9,750, reaching 240,500, while job creation in August totaled just 22,000 positions, significantly missing economists' expectations.
- Economist Carl Weinberg said markets will see the uptick as a 'pop in layoffs,' while Andrew Stettner called this one of the clearest signs of a downshift in job growth.
- The increase in unemployment claims and softer labor market conditions suggest the Federal Reserve may reduce interest rates in the near future to help support the economy.
76 Articles
76 Articles
Unemployment Benefits Claims Are The Highest Since 2021
U.S. data reports U.S. workers filed 263,000 claims for unemployment benefits last week, the highest level since October 2021 and another sign the job market is cooling. Will the Wall St. Journal start calling them "lucky duckies" again? Via CBS News: The Department of Labor reported Thursday that claims for the week ending Sept. 6 were up 27,000 from the previous week's revised level, a major jump that signals layoffs are on the rise. The four-…
Weak labour market: more than 263,000 people asked for unemployment assistance in the US in the first week of September, marking the highest level in four years
Jobless claims hit highest level in years
KEY TAKEAWAYS: Jobless claims rose by 27,000 to 263,000, the highest in nearly four years. Analysts say the spike virtually assures a Fed rate cut next week. BLS revisions showed 911,000 fewer jobs created than first reported. Economists warn tariffs and uncertainty are weighing on U.S. growth. In another grim sign for the U.S. labor market, jobless claim applications jumped to their highest level in almost four years last week, virtually …
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