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Just 198,000 Americans filed jobless claims last week, fewer than expected as layoffs remain low
Initial jobless claims fell to 198,000, below forecasts, reflecting seasonal adjustments while layoffs remain low and hiring sluggish, Labor Department data shows.
- On Jan. 15, the U.S. Labor Department reported initial claims dropped 49,000 to 198000 for the week ended Jan. 10, below the 215000 forecast.
- Seasonal-Adjustment quirks around year-end likely explain the surprise drop, while analysts say the labour market remains in a holding pattern with low layoffs and sluggish hiring.
- Data show the unemployment rate slipped to 4.4%, continuing claims dropped 19,000 to 1.884 million, and nonfarm payrolls increased by 50,000 in December.
- The Federal Reserve last month trimmed its benchmark rate by a quarter-point to try to stabilize a softening labour market, and Fed Chair Jerome Powell said officials are increasingly concerned the job market may be weaker than it appears.
- Over 2025 the economy added 49,000 jobs per month, the fewest in five years, amid declining open jobs and AI-related staffing uncertainties, analysts said.
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Dollar Surge Amid Falling Unemployment Claims and Economic Speculations | Science-Environment
Dollar Surge Amid Falling Unemployment Claims and Economic Speculations The U.S. dollar appreciated on Thursday, spurred by data signaling a drop in new unemployment claims, adding to the mounting evidence that the Federal Reserve will keep interest rates unchanged in the short term. The Labor Department reported a 9,000 decrease in state unemployment benefit claims, urging market players to adjust their positions and elevate the dollar.Strategi…
·India
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Associated Press News+32 Reposted by 32 other sources
Just 198,000 Americans filed jobless claims last week, fewer than expected as layoffs remain low
Fewer Americans applied for unemployment benefits last week as U.S. layoffs remain low despite growing concern about a weakening job market.
·United States
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Zero HedgeReposted by 
Nemos News Network
Nemos News NetworkInitial Jobless Claims Plunge Back Near Record (56 Year) Lows
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
·United States
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Total News Sources48
Leaning Left5Leaning Right3Center29Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
14%
C 78%
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