US EditionUS applications for jobless benefits fell last week and remain in historically healthy range
Weekly jobless claims fell to 224,000, below economists' forecast, reflecting continued labor market stability within a historically low post-pandemic range, Labor Department said.
- On Thursday, the U.S. Labor Department reported that the four-week average of claims increased by 750 to 221,750, seasonally adjusted.
- The number of Americans filing for jobless benefits has remained within the 200,000–250,000 range since spring of 2020, serving as a proxy for layoffs amid post-COVID recovery.
- The four-week average of claims ticked up by 750 to 221,750, according to Reuters economists, smoothing out weekly volatility.
- The number of Americans filing new applications fell, but economists forecast unemployment rate could rise to 4.3% in August.
- Continuing claims for the period showed a decline, with seasonally adjusted figures at 1.953 million, indicating low layoffs overall.
63 Articles
63 Articles
US Weekly Jobless Claims Tick Lower as Labor Market Stalls
The number of individuals filing new applications for unemployment benefits ticked lower last week as businesses remain reluctant to lay off their workers. For the week ending Aug. 9, initial jobless claims fell by 3,000 to 224,000 from a slightly upwardly revised 227,000 in the previous week. Economists had penciled in a reading of 228,000, according to data released by the Department of Labor on Aug. 14. Initial claims filed in a program for f…
Jobless Claims Drop as Trump Economy Remains Resilient.
PULSE POINTSWHAT HAPPENED: Weekly jobless claims in the U.S. fell modestly, dropping by 3,000 to 224,000 for the week ending August 9.WHO WAS INVOLVED: The U.S. Labor Department reported the data, which reflects trends in layoffs and unemployment benefits.WHEN & WHERE: The report covers the week ending August 9, with data released on Thursday.IMPACT: The data indicates a stable labor market, with the total number of Americans collecting unemploy…
The Detroit News
U.S. applications for jobless benefits fell last week and remain in historically healthy range
That’s below the 230,000 new applications that economists had forecast.
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