US weekly jobless claims increase more than expected
Initial jobless claims rose by 22,000 to 231,000 last week, driven by winter weather and ongoing layoffs from major employers, Labor Department data shows.
- The number of Americans filing new applications for unemployment benefits increased by 22,000 to 231,000 during the week ending January 31, according to the Labor Department.
- Economists had predicted 212,000 initial claims for the week, indicating a greater increase than expected.
- The number of people receiving unemployment benefits rose by 25,000 to 1.844 million for the week ending January 24.
- Economists noted that the Labor Department's reports do not show a significant change in labor market conditions.
81 Articles
81 Articles
Brace For Impact: The Labor Market Isn’t Cooling — It’s Collapsing
If you think the U.S. labor market is just “slowing down,” think again. Behind the headlines about low unemployment lies a deeper, more disturbing reality: layoffs are surging, job openings are plummeting, and millions of workers are facing uncertainty they haven’t seen since the last recession. Weekly jobless claims jumped 22,000 to 231,000 last week, the largest increase in nearly two months, exceeding economist forecasts. Some pundits waved i…
US unemployment claims surge to 231,000 amid severe winter weather, cold conditions
US unemployment benefit applications increased unexpectedly last week amid severe winter weather, with initial jobless claims rising by 22,000 to 231,000, according to Labour Department data, exceeding economists' forecasts.
Coverage Details
Bias Distribution
- 78% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium



























