US Unemployment Claims Rise but Remain at Healthy Level
Continuing claims fell by 22,000 to 1.78 million, suggesting employers are still holding onto workers despite a modest rise in filings.
- On Thursday, the Labor Department reported initial jobless claims rose 9,000 to a seasonally adjusted 209,000 for the week ended August 8, exceeding the 205,000 forecasters had expected.
- Despite July's surprise nonfarm payroll drop of 23,000 jobs, the labor market remains stable as Americans filing for unemployment benefits increased only moderately last week.
- Continuing claims for unemployment benefits fell 22,000 to a seasonally adjusted 1.777 million during the week ended August 1, while the four-week average remained unchanged at 199,000.
- Federal Reserve officials may keep interest rates unchanged in September if labor market stability and mild inflation persist, after maintaining rates in a 3.50%-3.75% range last month.
- Companies maintain what economists call a "no hire, no fire" environment, with hiring this year remaining below 2023 and 2024 averages due to President Donald Trump's trade policies.
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45 Articles
U.S. Jobless Claims Remain Low As Labor Market Holds Steady
by Emmitt Barry, Worthy News Washington D.C. Bureau Chief WASHINGTON, D.C. (Worthy News) – The number of Americans filing for unemployment benefits remained relatively low in early August, offering another sign that widespread layoffs have yet to take hold even as hiring across the U.S. economy remains subdued. Initial unemployment claims rose by 9,000 to a seasonally adjusted 209,000 for the week ending August 8, according to Labor Department d…
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US Jobless Claims Hold Near Historic Lows as Continuing Claims Fall Below 1.8 Million
New unemployment claims remained low in early August while continuing claims declined to 1.777 million, signaling a broadly stable labor market even as July employment ... The post US Jobless Claims Hold Near Historic Lows as Continuing Claims Fall Below 1.8 Million first appeared on [your]NEWS.
The Tribune-Democrat
U.S. unemployment claims rise but remain at healthy level
U.S. applications for unemployment benefits rose last week, but layoffs remain at historically healthy levels. The Labor Department reported that 209,000 people filed jobless claims last week, up from a revised 200,000 the week before and higher than the 205,000…
US Unemployment Claims Remained Stable to Kick Off August
The number of Americans filing applications for unemployment benefits remained stable at the start of August, pointing to a stable national labor market. Initial jobless claims rose by 9,000 to a seasonally adjusted 209,000 for the week ending Aug. 8, according to new data released by the Department of Labor on Aug. 13. Economists had projected a reading of 202,000. The four-week average, which strips out week-to-week volatility, was unchanged a…
(New York = Yonhap News) Correspondent Lee Ji-heon = The U.S. Department of Labor reported that the number of new unemployment benefit claims for the week of August 2–8 stood at 209,000, up 9,000 from the previous week...
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