US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwinds
Weekly filings climbed above forecasts and remained in a historically low range, suggesting the labor market is still holding steady despite hiring slowdown concerns.
- The Labor Department reported Thursday that Americans filing for unemployment benefits rose by 4,000 to 229,000, exceeding the 216,000 forecast by FactSet.
- Rising gas prices triggered by the closure of the Strait of Hormuz off Iran's southern border pushed U.S. consumer inflation in May to 4.2%, its highest level in three years.
- Hiring has picked up recently with 172,000 new jobs added in May, and the unemployment rate remains historically low at 4.3%.
- Most analysts expect the Federal Reserve to maintain benchmark interest rates when officials meet next week, given inflation remains well above the 2% target.
- Companies including Amazon, Walmart, Disney, Starbucks, UPS, and Verizon have cut jobs recently, while hiring had already tapered in 2025 due to President Donald Trump's tariffs and lingering high interest rates.
16 Articles
16 Articles
US initial jobless claims inch up but remain at a healthy level
U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran. The number of Americans filing for unemployment aid for the week ending June 6 rose by 4,000 to 229,000, the Labor Department reported Thursday. That’s the most since early February, before the U.S. and Israel launched attacks on Iran, but still considered a healthy level. It’s also more than…
U.S. jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwinds
WASHINGTON — U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran.
Associated Press News
US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwinds
U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran.
U.S. Jobless Claims Rise More Than Expected As Hiring Slowdown Lengthens Job Searches
The number of Americans filing claims for unemployment benefits increased marginally last week, pointing to continued labor market resilience in early June. Initial claims for state unemployment benefits rose 4,000 to a seasonally adjusted 229,000 for the week ended June 6, the Labor Department said on Thursday. Economists polled by Reuters had forecast 219,000 claims for the latest week. Claims tend to rise at the start of summer as some state…
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