US weekly jobless claims increase marginally amid low layoffs
The four-week average rose to 209,000 as the Labor Department said layoffs stayed in a low range and the unemployment rate remained 4.3%.
- The Labor Department reported Thursday that jobless claims rose to 215,000, up from 210,000 the week before, with the four-week moving average climbing to 209,000.
- Economic uncertainty from the Iran war has driven gasoline prices to an average of $4.43 a gallon, according to AAA, after closure of the Strait of Hormuz disrupted global oil supplies.
- More Americans filing for unemployment benefits remain within a low range of 200,000 to 250,000 weekly, a pattern sustained since the economy emerged from the COVID-19 pandemic recession in 2020.
- Job creation has averaged 76,000 a month this year, a sharp decline from 122,000 monthly in 2024 and nearly 400,000 monthly from 2021 through 2023 during the post-pandemic recovery.
- The unemployment rate remains low at 4.3%, though President Donald Trump's immigration crackdown and Baby Boomer retirements may be suppressing the monthly hiring break-even rate toward zero.
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What the latest US initial jobless claims data indicates
More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the Iran war. The Labor Department reported Thursday that initial jobless claims climbed to 215,000, up from 210,000 the week before. The four-week moving average of claims, which smooths out week-to-week volatility, rose by nearly 6,300 to 209,000. “Initial claims are still impressively low, near historic lows,” Carl Weinberg, ch…
US Jobless Claims Rise Marginally as Labor Market Remains Resilient - The Thinking Conservative News
The number of Americans claiming unemployment benefits ticked up marginally, as the U.S. labor market remains resilient amid economic uncertainty. The post US Jobless Claims Rise Marginally as Labor Market Remains Resilient appeared first on The Thinking Conservative News.
U.S. Jobless Claims at 215,000; Employment Stable. Weekly new jobless claims increased by 5,000 from the previous week. While U.S. jobless claims rose slightly last week, employment appeared stable, with the scale of layoffs remaining low despite economic uncertainty caused by the U.S.-Iran war.
US jobless claims edge up to 215,000, but layoffs stay near ‘historic lows’ despite Iran war uncertainty
The unemployment rate remains low at 4.3% despite weak job growth, with stable initial claims around 200,000 to 250,000 weekly. However, the Iran war has raised energy prices, impacting the economic outlook and causing U.S. gasoline prices to surge significantly.
US weekly jobless claims increase marginally amid low layoffs
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