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US Applications for Jobless Benefits Fall to 227,000 Last Week, Remain at Historically Healthy Level
UNITED STATES, JUL 10 – Initial jobless claims fell to 227,000 last week, below forecasts, while total unemployment benefit recipients rose to 1.97 million, reflecting mixed labor market signals.
- The Labor Department announced that initial jobless claims decreased by 5,000 to a total of 227,000 for the week concluding on July 5, which was lower than the predicted 238,000.
- This drop occurred amid an economy facing uncertainty from President Trump's unsettled tariff policy, which complicates business planning.
- Despite nearly 100 companies, including Microsoft and Intel, announcing layoffs this month, the economy added 147,000 jobs in June and unemployment decreased to 4.1%.
- For the week ending June 28, continuing unemployment claims increased by 10,000, reaching approximately 1.97 million—the highest level observed since November 2021—while the median length of unemployment extended to 10.1 weeks in June.
- Federal Reserve Chair Jerome Powell warned that since both hiring and firing levels are currently low, an increase in job cuts could lead to a rise in the unemployment rate.
66 Articles
66 Articles
July starts with sharp drop in new unemployment claims in Florida
July started on an upbeat note for the Florida unemployment picture. U.S. Department of Labor (DOL) data shows there was a significant 14.5% drop in new unemployment filings for the week ending July 5 in the Sunshine state. In total, there were 6,035 initial jobless claims for that week. That’s down by 1,025 from the week ending June 28, when there were 7,060 claims. Reports on new unemployment claims have been erratic in the past month. June st…
Applications for jobless benefits fall to 227,000 last week
U.S. applications for unemployment benefits fell last week, remaining in the historically healthy range of the past couple years. The Labor Department reported Thursday that jobless claims for the week ending July 5 fell by 5,000 to 227,000, fewer than the 238,000 that analysts forecast. Application...
Colorado Springs Gazette
US weekly jobless claims fall unexpectedly in latest week
(Reuters) -The number of Americans filing new applications for jobless benefits unexpectedly fell last week, suggesting employers may be holding on to workers despite other indications of a cooling labor market.
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