The Number of Americans Applying for Jobless Aid Slips to 203,000 as Layoffs Remain Low
Claims fell to 203,000, and economists said layoffs remain rare as employers keep staff despite softer hiring.
- On Thursday, the Labor Department reported that jobless claims fell to 203,000 last week from a revised 207,000 the week before, signaling continued strength in the labor market.
- Companies remain reluctant to reduce staff, scarred by surprise worker shortages that followed the end of COVID-19 lockdowns, keeping layoffs rare and jobless claims low.
- The four-week average of claims ticked up slightly to 205,500, as economists describe the current environment as a "no hire, no fire" job market where both layoffs and hiring remain constrained.
- When the Labor Department releases the August jobs report next week, forecasters surveyed by data firm FactSet expect employers added roughly 65,000 jobs, continuing the year's subdued hiring pace.
- More than 1.3 million people have dropped out of the labor force over the past year, driven partly by President Donald Trump's immigration crackdown and the ongoing retirement of baby boomers.
22 Articles
22 Articles
The initial applications for unemployment insurance in the United States totalled 203 thousand in the week closed on 22 August, according to data released this Thursday by the country's Department of Labour. The result represented a decrease of 4,000 requests compared to the revised reading of the previous week and was below the projection of some analysts, of 208 thousand requests. The four-week moving average of the new requests rose 1,250 req…
Watch US Economy: Weekly Jobless Claims Fall, Goods-Trade Deficit Widens
US initial jobless claims fell to a lower-than-expected 203,000 in the week ending August 22, while the goods-trade deficit grew to the widest since March 2025. Michael McKee reports on Bloomberg Television.
(New York = Yonhap News) Correspondent Lim Soo-jung = The U.S. Department of Labor reported that the number of new unemployment benefit claims for the week of August 16–22 was 203,000, down 4,000 from the previous week...
Associated Press News
The number of Americans applying for jobless aid slips to 203,000 as layoffs remain low
The number of people filing for U.S. unemployment benefits fell last week, remaining at historic lows as layoffs are rare and most Americans enjoy job security.
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