The number of initial jobless claims in the US fell below 200,000 for the week ended April 25, marking the lowest level since 1969. This suggests that recent job-cut announcements have not yet translated into actual widespread layoffs.
According to Department of Labor data released Thursday, jobless claims came in lower than the 212,000 expected by analysts. Additionally, the previous week’s data was revised upward by 1,000 to 215,000 applications.
This downtrend persists despite economic challenges, primarily military tensions with Iran, which have fueled market uncertainty even as a ceasefire agreement remains in effect.
The Federal Reserve maintained its monetary policy unchanged yesterday. Chairman Jerome Powell indicated that the stability of the US labor market justifies a cautious approach toward cutting interest rates.
US Weekly Jobless Claims
Item
Last Year
Last Week
Latest Week
Change
Initial Claims (‘000)
239
215
189
(26)
Four-Week Average (‘000)
225.75
211
207.5
(3.5)
Total Beneficiaries (mln)
1.906
1.808
1.785
(0.023)
The number of initial jobless claims in the US fell below 200,000 for the week ended April 25, marking the lowest level since 1969. This suggests that recent job-cut announcements have not yet translated into actual widespread layoffs.
According to Department of Labor data released Thursday, jobless claims came in lower than the 212,000 expected by analysts. Additionally, the previous week’s data was revised upward by 1,000 to 215,000 applications.
This downtrend persists despite economic challenges, primarily military tensions with Iran, which have fueled market uncertainty even as a ceasefire agreement remains in effect.
The Federal Reserve maintained its monetary policy unchanged yesterday. Chairman Jerome Powell indicated that the stability of the US labor market justifies a cautious approach toward cutting interest rates.
US Weekly Jobless Claims
Item
Last Year
Last Week
Latest Week
Change
Initial Claims (‘000)
239
215
189
(26)
Four-Week Average (‘000)
225.75
211
207.5
(3.5)
Total Beneficiaries (mln)
1.906
1.808
1.785
(0.023)
