US Jobless Claims

The number of Americans applying for unemployment benefits jumped last week but remains in the same historically low range of the past few years. Applications for jobless aid for the week ending January 31 rose by 22,000 to 231,000 from the previous week, the Labour Department reported Thursday. That's significantly more than the 211,000 new applications that analysts surveyed by the data firm FactSet had forecast. Applications for unemployment benefits are seen as representative of US layoffs and are close to a real-time indicator of the health of the job market. A number of high-profile companies have announced job cuts in the past year, including UPS, Amazon and Dow just last week. On Wednesday, the Washington Post laid off one-third of its staff, eliminating its sports section, several foreign bureaus and its books coverage in a widespread purge at the storied newspaper owned by billionaire Amazon founder Jeff Bezos. A private company, the Post did not disclose how many people

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Official economic data collection and publication has been suspended because of the government shutdown, now in its second week

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More Americans filed unemployment claims last week, but the labour market remains healthy and there are still relatively few layoffs. US applications for jobless benefits rose by 11,000 to 219,000 for the week ending February 1, the Labour Department said Thursday. Analysts were projecting only 213,000 new applications. Weekly applications for jobless benefits are considered representative of layoffs. The four-week average, which evens out some of the weekly volatility, rose by 4,000 to 216,750. While the labour market did start to show some minor signs of weakness last year, jobs remain plentiful and layoffs historically low. Last month, the Labour Department reported that job growth in December surged and unemployment fell. Employers added 256,000 jobs in the final month of 2024 and the unemployment rate ticked down to 4.1 per cent. The final jobs report of 2024 showed that the economy and hiring were able to grow at a solid pace even with interest rates much higher than they w

Initial claims for state unemployment benefits increased 6,000 to a seasonally adjusted 223,000 for the week ended Jan 18

Signs of a steadily cooling labor market could allow the Federal Reserve to keep interest rates unchanged in January against the backdrop of still high inflation

Initial claims for state unemployment benefits fell by 1,000 to a seasonally adjusted 219,000 for the week ended Dec. 21, the Labor Department said

Initial claims for state unemployment benefits rose 9,000 to a seasonally adjusted 224,000 for the week ended Nov. 30

Though the labor market is easing, wage pressures are not showing a significant cooling, casting a shadow over the inflation and interest rate outlook

The labour department said that initial claims for state unemployment benefits dropped 15,000 to a seasonally adjusted 227,000 for the week ended Oct.19

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The number of Americans applying for unemployment benefits fell to their lowest level in four months last week. Jobless claims slid by 12,000, to 219,000, for the week of Sept 14, the Labour Department reported Thursday. That's fewer than economist expectations for 230,000 new filings. The four-week average of claims, which evens out some of weekly volatility, fell by 3,500 to 227,500. The total number of Americans collecting jobless benefits fell by 14,000 to about 1.83 million for the week of Sept. 7. That's the fewest since early June. Weekly filings for unemployment benefits are considered largely representative of layoffs.

Government data last week showed nonfarm payrolls increasing by less than expected in August but the unemployment rate falling to 4.2 per cent from 4.3 per cent in July

A step-down in hiring, which pushed the unemployment rate to a near three-year high of 4.3 per cent in July rattled investors and fanned concerns that a recession was stalking the economy

The rally in IT stocks came on the heels of a major drop in US jobless claims, which fell to 233,000 for the week ending August 3-the largest decline in nearly a year.

Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 249,000 for the week ended July 27, the highest level since August last year

'The number of people receiving benefits after an initial week of aid, a proxy for hiring, slipped 9,000 to a seasonally adjusted 1.851 million during the week ending July 13'