New unemployment claims were filed by the fewest Americans in over three years last week, far fewer than economists had been expecting. There were 191,000 initial claims for unemployment benefits in the week that included Thanksgiving, the Department of Labor
A big jump in claims to the highest since 2021 put pressure on the Fed to cut rates.
Claims were likely boosted by hurricane Helene.
Can we have a recession if layoffs remain low?
There were big jumps in claims in Michigan and Texas.
The labor market has cooled in recent months.
Initial claims for unemployment benefits rose for the third week in a row.
Low levels of jobless claims indicate that the labor market is still providing fuel to economic growth.
The number of Americans applying for unemployment benefits decreased by 10,000 last week to a total of 222,000 on a seasonally adjusted basis, reflecting a continued period of low layoffs across the country. This decline follows an sharp spike to
There’s no sign of cooling in the labor market, putting rate cuts into doubt.
The latest sign that the economy does not need a rate cut from the Fed.
Despite the rise, jobless claims remain below historical averages.
A tightening labor market could make it harder for the Federal Reserve to justify cutting rates early this year.
Claims remain very low, indicating ongoing strength in the labor market.
The number of Americans losing their jobs and applying for unemployment benefits was nearly unchanged last week at 220,000, indicating that businesses continue to hold on to workers even though economic growth appears to have slowed and job openings have
Jobless claims came in lower than expected again and continuing claims indicate that workers who lose their jobs are quickly finding new positions.
Jobless claims have been falling for five out of the last six weeks.
The labor market shows no signs of cooling off, raising the risk that inflation will reignite.
New claims for unemployment benefits declined by 10,000 last week to 230,000, the lowest level in three weeks.
No sign of rising layoffs or weakness in the labor market.
The labor market remains extraordinarily resilient.
The number of Americans filing first-time claims for unemployment benefits dropped by 12,000 last week to 237,000, significantly below Wall Street’s forecast for 250,000 new claims. Jobless claims are a proxy for layoffs. Although the economy has slowed down in
The number of people filing new claims for unemployment benefits unexpectedly surged last week. The Labor Department said Thursday that initial claims rose last week by 28,000 to 261,000, the highest number of claims since October 2021. The prior week’s
No sign of businesses shedding workers at a more rapid rate.
The Fed’s June decision on interest rates just got a bit more complicated.
Claims show no evidence of a trend toward a softer labor market.
The Department of Labor said initial jobless claims rose by 22,000 to a seasonally adjusted 264,000 last week.
The decline suggests that demand for workers remains high despite fears of a looming recession.
Initial claims climbed by 5,000 to a seasonally adjusted 245,000, the Labor Department said.
The number of continuing claims, however, fell in the previous week, suggesting a labor market that is still tight.
The first sign all year that Fed hikes may be softening demand for labor.
The labor market is still incredibly tight.
Economists had forecast a rise in claims to 197,000.
Demand for workers in the U.S. remains red hot.
The labor market remains incredibly tight.
The Fed’s policy stance increased looks like it is “insufficiently restrictive” to rein in demand for labor.
Demand for labor is still super hot.
The number of people applying for jobless benefits in the U.S. inched up last week, the fourth consecutive week in which new claims have come in below 200,000. The Labor Department said initial claims for state unemployment benefits rose to
Fed chairman Jerome Powell described the labor market as extremely tight. Jobless claims indicate that it may be getting even tighter.
Claims for unemployment benefits fall to a four-month low.
