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US weekly jobless claims increase marginally amid low layoffs
The four-week average rose to 209,000 as the Labor Department said layoffs stayed in a low range and the unemployment rate remained 4.3%.
- The Labor Department reported Thursday that jobless claims rose to 215,000, up from 210,000 the week before, with the four-week moving average climbing to 209,000.
- Economic uncertainty from the Iran war has driven gasoline prices to an average of $4.43 a gallon, according to AAA, after closure of the Strait of Hormuz disrupted global oil supplies.
- More Americans filing for unemployment benefits remain within a low range of 200,000 to 250,000 weekly, a pattern sustained since the economy emerged from the COVID-19 pandemic recession in 2020.
- Job creation has averaged 76,000 a month this year, a sharp decline from 122,000 monthly in 2024 and nearly 400,000 monthly from 2021 through 2023 during the post-pandemic recovery.
- The unemployment rate remains low at 4.3%, though President Donald Trump's immigration crackdown and Baby Boomer retirements may be suppressing the monthly hiring break-even rate toward zero.
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US jobless claims edge up to 215,000, but layoffs stay near ‘historic lows’ despite Iran war uncertainty
The unemployment rate remains low at 4.3% despite weak job growth, with stable initial claims around 200,000 to 250,000 weekly. However, the Iran war has raised energy prices, impacting the economic outlook and causing U.S. gasoline prices to surge significantly.
·New Delhi, India
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Coverage Details
Total News Sources22
Leaning Left5Leaning Right4Center10Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 26%
C 53%
R 21%
Factuality
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