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US weekly unemployment claims fall to 208,000, fewest in 10 weeks
Layoffs stayed historically low as the four-week average also eased, while economists said hiring remains cautious amid high interest rates and tariffs.
- On Thursday, the Labor Department reported that initial claims for state unemployment benefits dropped 8,000 to 208,000 for the week ended July 11, pointing to continued labor market stability.
- Hiring began slowing about two years ago, tapered further by President Donald Trump's tariffs, his purge of the federal workforce, and high interest rates meant to control inflation.
- The Federal Reserve's Beige Book said "employment rose on balance" in early July, with five districts showing gains and seven experiencing little to no change.
- Among companies trimming workforces recently are Verizon, UPS, Amazon, Disney, Starbucks, and Walmart, while Americans receiving unemployment benefits fell to 1.805 million.
- Economists describe the current environment as a "slow hire, slow fire" labor market, with filings at their lowest level in 10 weeks despite concerns regarding the war in Iran.
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Pittsburgh Post-Gazette+2 Reposted by 2 other sources
U.S. weekly unemployment claims fall to 208,000, fewest in 10 weeks
WASHINGTON — Filings for unemployment benefits fell last week to the lowest level in 10 weeks as U.S. layoffs remain historically low. The number...
·Pittsburgh, United States
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US weekly jobless claims fall; labor market remains stable
WASHINGTON, July 16 (Reuters) - The number of Americans filing claims for unemployment benefits fell last week, pointing to continued labor market stability. Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 208,0...
(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 July 5–11 was 208,000, down 8,000 from the previous week...
·Seoul, Korea (the Republic of)
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Coverage Details
Total News Sources20
Leaning Left4Leaning Right7Center6Last UpdatedBias Distribution41% Right
Bias Distribution
- 41% of the sources lean Right
41% Right
L 24%
C 35%
R 41%
Factuality
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