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US weekly jobless claims fall less than expected
Jobless claims fell by 5,000 to 227,000 last week but exceeded forecasts due to lingering winter weather impacts and ongoing mixed labor-market conditions.
- Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 227,000 for the week ended February 7, below the forecast of 222,000 claims.
- The unemployment rate fell to 4.3% from 4.4% in January, though job growth was concentrated in the healthcare and social assistance sector.
- Economists characterized the labor market as remaining in a 'low hire, low fire' state despite tax cuts being expected to boost employment growth this year.
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66 Articles
US Jobless Claims Edge Lower as Winter Storm Effects Linger
Fallout from the severe winter storm continues to show up in employment data, with initial jobless claims remaining elevated last week. The number of Americans filing applications for first-time unemployment benefits dropped by 5,000 to 227,000 for the week ending Feb. 7, according to new Department of Labor data released on Feb. 12. This is down from the previous week’s upwardly revised 232,000 and higher than the consensus forecast of 222,000.…
·New York, United States
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Coverage Details
Total News Sources66
Leaning Left10Leaning Right11Center28Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 20%
C 57%
R 23%
Factuality
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