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US Filings for Jobless Aid Fall Again as Layoffs Remain Historically Low Despite Global Economic Uncertainty
The Labor Department said weekly claims fell below forecasts and stayed in a 200,000-250,000 range, underscoring a labor market with few layoffs.
- On Thursday, the Labor Department reported that Americans filing for unemployment benefits fell by 11,000 for the week ending April 11, reaching 207,000 total.
- Hiring across the U.S. began slowing about two years ago, tapering further in 2025 due to President Donald Trump's tariff rollouts, his purge of the federal workforce, and lingering high interest rates.
- Consumer prices rose 3.3% in March from a year earlier, driven by the largest monthly jump in gas prices in six decades, according to Labor Department data released Friday.
- U.S. financial markets have rebounded in recent weeks as oil prices settled around $92 per barrel, though the ongoing war in Iran continues to inject uncertainty into the global economy.
- With inflation above the Federal Reserve's 2% target, the chances of an interest rate cut by central bank officials remain diminished any time soon.
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20 Articles
Associated Press News+15 Reposted by 15 other sources
US jobless claims fall last week as layoffs remain low despite global economic uncertainty
U.S. applications for unemployment benefits fell last week, remaining in the range of the past few years even as the war in Iran continues to threaten the global economy.
·United States
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Coverage Details
Total News Sources20
Leaning Left3Leaning Right4Center8Last UpdatedBias Distribution53% Center
Bias Distribution
- 53% of the sources are Center
53% Center
L 20%
C 53%
R 27%
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