Applications for US jobless benefits rise but remain in a healthy range

Jobless Claims Rise Slightly, But Remain Historically Low

Jobless claims ticked up last week, but remain within a historically healthy range, according to Labor Department data released Thursday. For the week ending August 30, applications for unemployment benefits rose by 8,000 to 237,000, slightly above forecasts. Claims have largely hovered between 200,000 and 250,000 since the pandemic recovery began. While layoffs remain low, hiring has slowed sharply. The unemployment rate stands at 4.2%, but Jul…

U.S. labour market shows signs of softening as jobless claims rise

Slackening labour market likely positions the Federal Reserve to resume cutting interest rates this month

US Weekly Jobless Claims Rise to Near 3-Month High

The number of Americans newly filing applications for unemployment benefits rose slightly higher than expected, signaling further cooling in the U.S. labor market. According to the Department of Labor, initial jobless claims increased by 8,000, to 237,000 for the week ended Aug. 30, the highest level since mid-June. This is up from the previous week’s 229,000 and came in above the consensus estimate of 230,000. The four-week average, which strip…

Jobless Claims Rise to Highest Level Since June

Initial claims increased by 8,000 to 237,000 in the week ended Aug. 30. The median forecast in a Bloomberg survey of economists called for 230,000 applications.

Applications for US jobless benefits rise but remain in a healthy range

The number of Americans seeking jobless benefits rose modestly last week, a sign that employers are still retaining workers even as the economy has showed signs of slowing.