US Unemployment Claims Dip to 206,000 as Layoffs Remain Rare
- Initial claims for unemployment dipped to 206,000 last week from a revised 207,000, the Labor Department reported Thursday, as jobless claims remain at historically low levels.
- Businesses are reluctant to let go of staff, remembering labor shortages that followed the end of COVID-19 lockdowns, keeping claims within a historically low range of 200,000 to 230,000 weekly.
- Employers have added an average of 80,000 jobs monthly this year, including 162,000 in August, though this remains below the 166,000 monthly average recorded during 2023 and 2024.
- The American job market has remained sturdy despite higher gasoline prices squeezing businesses and consumers since fighting with Iran began Feb. 28; claims serve as a proxy for layoffs.
- Recent hiring marks improvement over the dismal 2025, when monthly job creation averaged less than 10,000 as high interest rates and President Donald Trump's erratic trade policies discouraged hiring.
28 Articles
28 Articles
The initial applications for unemployment insurance in the United States totalled 206 thousand in the week closed on 5 September, according to data released on Thursday (10) by the country's Department of Labour. The result represented a drop of 1,000 requests compared to the revised reading of the previous week and was practically in line with the consensus of a group of analysts, of 205 thousand requests. The four-week moving average of the ne…
US weekly jobless claims edge down as layoffs remain low
WASHINGTON, Sept 10 (Reuters) - The number of Americans filing claims for unemployment benefits fell last week, suggesting that layoffs remained low and continued to anchor the labor market. Initial claims for state unemployment benefits dipped 1,000...
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