US filings for jobless benefits rise to 199,000 last week, but layoffs remain historically low
The four-week average fell to 198,750, and economists said claims remain in a range that suggests layoffs are still limited.
- The Labor Department reported Thursday that jobless claims for the week ending August 1 rose by 1,000 to 199,000, though the figure remains within historically low ranges established since the pandemic recession.
- Weekly filings have stabilized between 200,000 and 250,000 since the pandemic recession, while the prior week's figure was revised upward by 1,000 to 198,000.
- The four-week moving average fell by 4,500 to 198,750, while 1.8 million Americans filed for unemployment benefits for the previous week ending July 25.
- Federal Reserve officials indicated readiness to raise interest rates, citing inflation that reached 3.7% in June using the PCE metric, well above the 2% target.
- The government's jobs report arrives Friday, while firms including Amazon, Disney, and Microsoft have recently trimmed workforces, signaling mixed labor market signals.
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US filings for jobless benefits rise to 199,000 last week, but layoffs remain historically low - WXXV News 25
By MICHELLE CHAPMAN The number of Americans applying for unemployment benefits rose last week but layoffs remain in the historically healthy range of the past few years. U.S. filings for jobless aid in the week ending August 1 rose by 1,000 to 199,000, the Labor Department reported Thursday. The previous week’s figure was revised up by 1,000 to 198,000. Weekly filings for unemployment benefits are considered representative of layoffs and are c…
For this Friday, August 7 official job creation figures are expected from the Department of Labour
Layoffs Fall, Unemployment Claims Flat Ahead of July Jobs Report
The U.S. labor market showed further signs of stability ahead of the July jobs report as layoffs fell and applications for unemployment benefits were little changed. U.S.-based employers announced 33,429 job cuts in July, the smallest number in two years, according to an Aug. 6 report by global outplacement firm Challenger, Gray, and Christmas. This is down 27 percent from June and 46 percent from the same time last year. Technology—driven by ar…
The number of unemployment benefit claims in the United States has remained below 200,000 for three consecutive weeks. This supports the view that the U.S. job market is showing a somewhat stable trend. The U.S. Department of Labor announced on the 6th (local time) that the number of new unemployment benefit claims for the past week (July 26–August 1) totaled 199,000. This is an increase of 1,000 from the previous week. According to expert forec…
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