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US applications for jobless aid fall to 206,000 last week as layoffs remain at historically low levels
Initial jobless claims dropped to 206,000, below forecasts, while layoff announcements rise amid cautious labor market outlook, Labor Department data shows.
- The number of Americans filing for jobless aid for the week ending February 14th fell by 23,000 to 206,000 from the previous week.
- While weekly layoffs have remained at historically low levels, a number of high-profile companies like UPS, Amazon, and Dow have announced job cuts recently.
- Data over the past year has revealed a slowing labor market, affected by trade tensions and the Fed's interest rate hikes to curb inflation.
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Coverage Details
Total News Sources23
Leaning Left3Leaning Right2Center18Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
13%
C 78%
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