US EditionUS weekly jobless claims fall as layoffs remain low
Claims fell below economists’ forecast as weekly layoffs stayed in a historically low range, even as hiring slowed and job-cut announcements mounted.
- On Thursday, the Labor Department reported U.S. jobless claims fell to 202,000 for the week ending March 28, declining 9,000 from the previous week's 211,000 filings.
- The American labor market appears stuck in what economists call a "low-hire, low-fire" state, with layoffs remaining sparse despite a softening labor market and rising energy costs from the Iran war.
- High-Profile companies have cut jobs recently, including software maker Oracle, while Morgan Stanley, Block, UPS, and Amazon also announced workforce reductions as the Fed maintains its benchmark lending rate.
- Last month, the Labor Department reported employers unexpectedly cut 92,000 jobs in February, while revisions slashed 69,000 positions from December and January payrolls, nudging the unemployment rate to 4.4%.
- Attention now turns to Friday, when the March jobs report is scheduled for release, as analysts gauge labor market resilience against persistent inflation and ongoing Middle East conflict uncertainties.
36 Articles
36 Articles
Jobless Claims Signal Unusually Strong Job Security
The Labor Department said Thursday that new claims for state unemployment benefits dropped by 9,000 to 202,000 in the week ended March 28, from the prior week’s revised level of 211,000. The post Jobless Claims Signal Unusually Strong Job Security appeared first on Breitbart.
Jobless claims fall 9,000 as overall layoffs remain low across the economy
U.S. applications for unemployment benefits fell last week as layoffs remain sparse despite a softening labor market and rising energy costs due to the Iran war. The number of Americans applying for jobless aid for the week ending March 28 fell by 9,000 to 202,000 from the previous week’s 211,000, the Labor Department reported Thursday. That’s fewer than the 212,000 new filings analysts surveyed by the data firm FactSet were expecting and within…
NBC Dallas-Fort Worth
NBC New YorkU.S. unemployment claims fell to 227,000 as labor market remains steady
The number of Americans applying for unemployment benefits fell last week, remaining within the historically healthy range of the past few years. Applications for jobless aid for the week ending Feb. 7 fell by 5,000 to 227,000 from the previous week, the Labor Department reported Thursday. That’s basically in line with the 226,000 new applications that analysts surveyed by the data firm FactSet had forecast. Filings for unemployment benefits are…
Coverage Details
Bias Distribution
- 44% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
