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US applications for jobless benefits fall to 205,000 last week as layoffs remain historically low
Initial claims fell by 8,000 to 205,000, below expectations, despite payroll revisions cutting 69,000 jobs and ongoing inflation and geopolitical uncertainty.
- New U.S. jobless claims fell by 8,000 to 205,000 for the week ending March 14, lower than the expected 215,000.
- Layoffs remain relatively stable and within the typical range of recent years despite a sluggish labor market.
- Weekly unemployment claims are a key near real-time indicator of layoffs and overall labor market conditions.
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Associated Press News+3 Reposted by 3 other sources
US applications for jobless benefits fall to 205,000 last week as layoffs remain historically low.
U.S. applications for unemployment benefits fell last week, remaining in the same range of recent years despite a broadly tepid labor market.
·United States
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US weekly Initial Jobless Claims decline to 205K vs. 215K expected
The post US weekly Initial Jobless Claims decline to 205K vs. 215K expected appeared on BitcoinEthereumNews.com. There were 205K Initial Jobless Claims in the week ending March 14, a decrease of 8K from the previous week’s unrevised level, the US Department of Labor (DOL) reported on Thursday. This reading came in better than the market expectation of 215K. In this period, the 4-week moving average declined by 750 to 210,750. “The advance number…
Coverage Details
Total News Sources17
Leaning Left2Leaning Right2Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 20%
C 60%
R 20%
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