Jobless Claims Stay Low as Labor Market Stays Hot
No sign of businesses shedding workers at a more rapid rate.

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.
Lots of headlines about layoffs but very few showing up in the unemployment data.
With retail sales coming in below expectations, why aren’t more workers being laid off?
Lots of headlines about layoffs but no sign of significantly increased job loss in the claims data.
On Thursday’s broadcast of the Fox Business Network’s “Evening Edit,” Rep. Bruce Westerman (R-AR) reacted to jobless claims data showing that continuing unemployment claims hit their highest point since February by stating that this is a worrisome trend in the
A setback for the Fed or a foreshadowing of a soft-landing?
Both initial and continuing claims remain below historical averages, suggesting the labor market remains very tight.
Jobless claims fall below 200,000 despite the Fed’s efforts to tighten financial conditions.
Despite signs of weakening demand elsewhere in the economy, demand for labor remains extremely strong.
The state agency tasked with processing the influx of unemployment claims in 2020 brought on many workers who had previously been convicted of financial crimes, including embezzlement and identity theft, according to an audit report.
Layoffs pickup as new cases surge.
The historically low level of claims suggests that employers are reluctant to let go of workers in a very tight labor market. This could provoke further concerns about accelerating inflation.
The lowest level of layoffs in 52 years calls into question the wisdom of ramping up deficit spending and ongoing accommodative monetary policy.
The number of Americans filing new claims for unemployment benefits dipped to 326,000 in the week ended October 2, a decline of 38,000 from the previous week.
The end of enhanced and extended unemployment benefits saw a bigger than expected decline in applications for benefits.
Economists had forecast 345,000 new claims.
Jobless claims—both new and ongoing—failed to make progress, highlighting how the economy appears to have slowed in August.
New claims for unemployment benefits fell to 400,000 in the week ended July 24, 24,000 below the upwardly revised figure for the previous week.
Economists had forecast 350,000 new claims, a decline of 10,000 from the previous week’s initial estimate of 360,000.
Both continuing claims and new claims declined in the most recent report, suggesting more Americans are getting back to work.
New claims for unemployment benefits rose last week, the Department of Labor said Thursday. Economists had expected a further decline.
New claims for unemployment benefits fell sharply last week, the Department of Labor said Thursday. Initial jobless claims declined to 364,000 for the week ended June 26, a decline of 51,000 from the previous week
The first rise in new jobless claims since April.
Yet more than 15 million Americans are collecting some form of unemployment, the most recent figures indicate.