US Unemployment Claims Rise but Remain at Healthy Level
Continuing claims fell by 22,000 to 1.78 million, suggesting employers are still holding onto workers despite a modest rise in filings.
- On Thursday, the Labor Department reported initial jobless claims rose 9,000 to a seasonally adjusted 209,000 for the week ended August 8, exceeding the 205,000 forecasters had expected.
- Despite July's surprise nonfarm payroll drop of 23,000 jobs, the labor market remains stable as Americans filing for unemployment benefits increased only moderately last week.
- Continuing claims for unemployment benefits fell 22,000 to a seasonally adjusted 1.777 million during the week ended August 1, while the four-week average remained unchanged at 199,000.
- Federal Reserve officials may keep interest rates unchanged in September if labor market stability and mild inflation persist, after maintaining rates in a 3.50%-3.75% range last month.
- Companies maintain what economists call a "no hire, no fire" environment, with hiring this year remaining below 2023 and 2024 averages due to President Donald Trump's trade policies.
36 Articles
36 Articles
US Unemployment Claims Remained Stable to Kick Off August
The number of Americans filing applications for unemployment benefits remained stable at the start of August, pointing to a stable national labor market. Initial jobless claims rose by 9,000 to a seasonally adjusted 209,000 for the week ending Aug. 8, according to new data released by the Department of Labor on Aug. 13. Economists had projected a reading of 202,000. The four-week average, which strips out week-to-week volatility, was unchanged a…
(New York = Yonhap News) Correspondent Lee Ji-heon = The U.S. Department of Labor reported that the number of new unemployment benefit claims for the week of August 2–8 stood at 209,000, up 9,000 from the previous week...
Clarin
Independent EspañolUnemployment benefit claims in the U.S. go up slightly, but layoffs remain low, reflecting job stability.Businesses, still affected by a shortage of post-COVID staff, are cautious when hiring, with a slight improvement in job creation.
US Initial Jobless Claims Rise to 209,000, Above Forecast
نُشر هذا المقال أولاً عبر Cedarnews.net. لمتابعة المزيد من الأخبار والتقارير الحصرية، زورونا على موقعنا. Weekly Unemployment Claims Increase U.S. initial jobless claims rose to 209,000 in the week ending August 8, according to newly released Labor Department data. The total increased by 9,000 from the previous week’s revised level of 200,000 and exceeded the forecast of 202,000. Four-Week Average Holds Steady The four-week moving average remaine…
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