US Applications for Jobless Benefits Fell Last Week as Layoffs Remain Low
Applications for US jobless benefits fell by 5,000 last week to 229,000 as employers retain workers amid economic slowdown and uncertainty, Labor Department data shows.
- 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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US jobless claims fall as hiring slows
KEY TAKEAWAYS: Jobless claims dropped by 5,000 to 229,000 Hiring has slowed to 35,000 jobs a month since spring Unemployment rate holds steady at 4.2% Fed may cut interest rates at September meeting 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 Lab…
Jobless claims dropped by 5,000 this week, though nearly 2M unemployed
Unemployment claims dropped by 5,000 this week from the previous week's seasonally adjusted level, but still there are nearly 2 million people unemployed, according to a press release from the U.S. Department of Labor.
·Washington, United States
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Total News Sources51
Leaning Left13Leaning Right2Center20Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 37%
C 57%
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