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US Applications for Jobless Benefits Fell Last Week as Layoffs Remain Low

Applications for unemployment benefits dropped to 229,000 as job gains slowed to 35,000 monthly, influencing Federal Reserve signals for a potential interest rate cut.

  • Fewer Americans sought unemployment benefits last week as employers appear to be holding onto their workers even as the economy has slowed.
  • Applications for unemployment benefits for the week ending Aug. 23 dropped 5,000 to 229,000, the Labor Department reported Thursday.
  • While layoffs are low, hiring has also weakened as part of what many economists describe as a 'no hire, no fire' economy.
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Associated Press NewsAssociated Press News
+33 Reposted by 33 other sources
Lean Left

US applications for jobless benefits fell last week as layoffs remain low

Fewer Americans sought unemployment benefits last week as employers appear to be holding onto their workers even as the economy has slowed.

·United States
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Spectrum NewsSpectrum News
+2 Reposted by 2 other sources
Center

U.S. applications for jobless benefits fell last week as layoffs remain low

Applications for unemployment benefits for the week ending Aug. 23 dropped 5,000 to 229,000, the Labor Department reported Thursday.

·United States
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El Economista broke the news in on Thursday, August 28, 2025.
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