The number of Americans filing claims for unemployment benefits fell in the week ending June 20, indicating that the labor market remains stable despite economic challenges.
The number of applications dropped to 225,000, as expected, compared to the previous week’s revised figure of 227,000, which was revised upward by 1,000, according to the Labor Department report released Thursday.
Weekly jobless claims are a leading indicator of unemployment rates in the US and a near-instant indicator of the state of the labor market.
Weekly US Jobless Claims
Item
Last Year
Previous
Current
Change
Initial Claims (‘000)
236
227
215
(12)
Four-Week Average (‘000)
242.25
223.5
224.25
0.75
Total Beneficiaries (mln)
1.960
1.800
1.821
0.021
The number of Americans filing claims for unemployment benefits fell in the week ending June 20, indicating that the labor market remains stable despite economic challenges.
The number of applications dropped to 225,000, as expected, compared to the previous week’s revised figure of 227,000, which was revised upward by 1,000, according to the Labor Department report released Thursday.
Weekly jobless claims are a leading indicator of unemployment rates in the US and a near-instant indicator of the state of the labor market.
Weekly US Jobless Claims
Item
Last Year
Previous
Current
Change
Initial Claims (‘000)
236
227
215
(12)
Four-Week Average (‘000)
242.25
223.5
224.25
0.75
Total Beneficiaries (mln)
1.960
1.800
1.821
0.021
