Weekly unemployment claims in the US are falling more than expected due to stability in the labor market

The number of Americans filing new claims for unemployment benefits fell more than expected last week, in line with a stabilizing labor market.Initial jobless claims fell by 23,000 to a seasonally adjusted 206,000 for the week ending Feb. 14, the Labor Department said Thursday. Economists polled by Reuters had forecast 225,000 claims for the past […]

US weekly unemployment claims fall slightly; last week’s data has been adjusted upwards

The number of Americans filing new claims for unemployment benefits fell slightly over the past week, still consistent with relatively low layoffs, though weak hiring is fueling household concerns about the job market.Initial claims for state unemployment benefits fell by 1,000 to a seasonally adjusted 209,000 for the week ending Jan. 24, the Department of […]

US weekly jobless claims are rising moderately, while GDP growth has been revised upward in the third quarter

The number of Americans filing new claims for unemployment benefits increased marginally over the past week, suggesting the labor market likely maintained a steady pace of job growth in January.The Department of Labor’s weekly unemployment benefits reports have been clouded in recent weeks by challenges in adjusting the data for seasonal fluctuations around the holiday […]

Weekly U.S. unemployment claims are falling, but the labor market is still in a holding pattern

The number of Americans filing new claims for unemployment benefits fell unexpectedly last week, but the decline was likely due to ongoing problems adjusting the data for seasonal fluctuations around this time of year. The labor market remains in a holding pattern, with still few layoffs and slow hiring. Economists say President Donald Trump’s aggressive […]