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US weekly jobless claims fall less than expected
Initial claims decreased by 5,000 to 227,000 despite exceeding forecasts, signaling ongoing labor market resilience amid seasonal disruptions, the US Labor Department reported.
- Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 227,000 for the week ended February 7, below the forecast of 222,000 claims.
- The unemployment rate fell to 4.3% from 4.4% in January, though job growth was concentrated in the healthcare and social assistance sector.
- Economists characterized the labor market as remaining in a 'low hire, low fire' state despite tax cuts being expected to boost employment growth this year.
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47 Articles
Associated Press News+14 Reposted by 14 other sources
US applications for jobless benefits falls to 227,000 last week, remaining at recent healthy levels
The number of Americans applying for unemployment benefits fell last week, remaining within the historically healthy range of the past few years.
·United States
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Total News Sources47
Leaning Left5Leaning Right5Center22Last UpdatedBias Distribution69% Center
Bias Distribution
- 69% of the sources are Center
69% Center
L 16%
C 69%
15%
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