U.S. filings for unemployment benefits fall to 226,000 last week as layoffs remain historically low
Despite economic pressures like inflation and AI shifts, U.S. employers report historically low layoffs and a modest increase in job openings, signaling labor market resilience.
- On Thursday, The Labor Department reported that applications for unemployment benefits in the week ending June 13 dropped by 4,000 to 226,000, keeping layoffs in a historically low range.
- Hiring began slowing two years ago and tapered further in 2025 due to President Donald Trump's tariffs, his purge of the federal workforce, and lingering high interest rates meant to control inflation.
- Officials at the Federal Reserve, led by Fed Chair Kevin Warsh, left the benchmark interest rate unchanged on Wednesday as inflation remains well above the Federal Reserve's 2% target.
- Among companies that have cut jobs recently are Amazon, Disney, Starbucks, UPS, Verizon, and Walmart, while artificial intelligence optimism has injected uncertainty about the job market.
- Earlier this week, Iran agreed to end the war and reopen the Strait of Hormuz to oil shipping, potentially relieving pressure from recent elevated gas prices that squeezed consumers.
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Weekly jobless claims remain elevated as hiring slows | Honolulu Star-Advertiser
WASHINGTON >> The number of Americans filing claims for unemployment benefits fell last week, but remained at slightly higher levels, suggesting some moderation in the pace of job growth in June.
The Department of Labour indicated that 4,000 applications were registered during the week ending June 13, placing the seasonal figure at 226,000.
U.S. jobless claims drop to 226,000 as unemployment rate stays at a historically low 4.3%
The number of Americans applying for jobless aid fell modestly last week as layoffs remained in the same historically low range of recent years.U.S. applications for unemployment benefits in the week ending June 13 dropped by 4,000 to 226,000, the Labor Department reported Thursday. That’s in line with the 225,000 new applications forecast by analysts surveyed by the data firm FactSet.Weekly filings for unemployment benefits are considered repre…
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