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US jobless claim applications fell by 13,000 last week as layoffs remain low
Weekly jobless claims decreased by 13,000 to 224,000, remaining in a healthy range despite slowed hiring and labor-market concerns, the U.S. Labor Department reported.
- Weekly initial jobless claims fell by 13,000 to 224,000 for the week ending Dec. 13, exceeding analysts' forecast of 200,000, the U.S. Labor Department reported.
- Departures of federal workers have driven October payroll losses after cutbacks by the Trump administration, while hiring slowed amid uncertainty over President Donald Trump's tariffs.
- The Labor Department also reported the four‑week average of claims rose to 217,500 while payroll revisions removed 33,000 jobs from August and September.
- Last week, the Federal Reserve trimmed its benchmark lending rate by a quarter-point, with Fed Chair Jerome Powell saying the job market is weaker and payrolls could be revised down by 60,000.
- Because claims are a near‑real‑time proxy for layoffs, recent cuts announced by UPS, General Motors, Amazon and Verizon may take months to appear in U.S. Labor Department data.
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Weekly Jobless Claims Decline as US Labor Market Stabilizes - The Thinking Conservative News
First-time U.S. unemployment claims fell in the week ending Dec. 13, indicating the labor market remains broadly stable despite economic uncertainty. The post Weekly Jobless Claims Decline as US Labor Market Stabilizes appeared first on The Thinking Conservative News.
Associated Press News+23 Reposted by 23 other sources
US jobless claim applications fell by 13,000 last week as layoffs remain low
U.S. applications for unemployment benefits fell by 13,000 last week, remaining in the same historically healthy range of the past few years even as concerns grow about the health of the labor market.
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Total News Sources38
Leaning Left2Leaning Right4Center23Last UpdatedBias Distribution79% Center
Bias Distribution
- 79% of the sources are Center
79% Center
C 79%
14%
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