Weekly jobless claims in the US fell by 11,000 to reach 239,000, indicating a tight labor market despite a slowdown in job growth and raising the risk of the Federal Reserve increasing interest rates.
Despite the Federal Reserve's interest rate hikes, new claims for unemployment benefits in the US declined last week, indicating a resilient labor market and raising hopes of avoiding a recession.
The number of Americans applying for unemployment benefits fell to a three-week low of 230,000, indicating a strong labor market and low job losses in the resilient U.S. economy.
The US labor market shows signs of easing as job openings decline for the third consecutive month, worker quits decrease, and layoffs increase, indicating a more balanced state, according to the Bureau of Labor Statistics.
U.S. job openings reach lowest level in nearly 2.5 years in July, signaling a slowdown in the labor market and potential impact on interest rates.
U.S. hiring in August fell below expectations, signaling a cooling labor market due to higher interest rates, with companies adding 177,000 jobs compared to the predicted 195,000 gain, marking the worst month for job creation since March.
Job openings and layoffs decreased in July, indicating a return to pre-pandemic labor market patterns, with economists attributing the drop to a decline in turnover rather than contraction.
Initial jobless claims for state unemployment benefits rose by 3,000 to 220,000 in the latest week, but the four-week moving average fell to its lowest level since February, indicating that while the pace of hiring may be softening, there are very few layoffs.
The number of Americans applying for unemployment benefits fell to an eight-month low, indicating a reluctance by businesses to lay off workers amidst labor shortages.
Weekly jobless claims in the US have fallen to an eight-month low, indicating a tight labor market despite a slowdown in job growth.
The number of job layoffs in the U.S. remains near a record low despite rising interest rates and high inflation.
U.S. jobless claims rose slightly after reaching an eight-month low, indicating a strong labor market that continues to defy the Federal Reserve's attempts to cool it down.
A rising number of Americans are quitting their jobs even as their savings deplete and personal debt rises, with job openings unexpectedly growing in August, signaling a strong labor market but also reflecting the growing financial stress affecting Americans regardless of income level.
Despite a strong job market, workers' confidence has dropped to its lowest level since 2016, attributed to financial stress and the comparison to the scorching-hot job market in 2021 and 2022.
The number of Americans filing new claims for unemployment benefits rose moderately last week, while layoffs declined in September, pointing to still-tight labor market conditions at the end of the third quarter. Additionally, the trade deficit shrank to its smallest in nearly three years in August, with exports of capital goods reaching a record high.
Applications for US unemployment benefits remained historically low last week, with initial jobless claims ticking up slightly to 207,000, indicating ongoing strength in the labor market.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/3PQMQC6TXRI47B2MOER7CURSRM.jpg)