2023-08-04 00:00:00
The number of Americans filing for unemployment benefits edged up to 227,000 last week, providing further evidence that layoffs are low and the labor market remains tight.
Updated August 4, 2023 08:00 CST
The number of Americans filing for unemployment benefits edged up to 227,000 last week following falling to a five-month low, adding to evidence that layoffs were low and the labor market remains tight.
Initial jobless claims rose by 6,000 from a previously revised 221,00, the government said. The previous week’s data was the lowest since February.
Jobless claims typically rise when the economy is weak and a recession looms.
Jobless claims have rebounded above a record low, but still point to fewer layoffs amid an unexpectedly resilient U.S. economy.
…
The number of Americans filing for unemployment benefits edged up to 227,000 last week following falling to a five-month low, adding to evidence that layoffs were low and the labor market remains tight.
Initial jobless claims rose by 6,000 from a previously revised 221,00, the government said. The previous week’s data was the lowest since February.
Jobless claims typically rise when the economy is weak and a recession looms.
Jobless claims have rebounded above a record low, but still point to fewer layoffs amid an unexpectedly resilient U.S. economy.
(This article is translated from MarketWatch. MarketWatch is operated by Dow Jones, the parent company of The Wall Street Journal, but MarketWatch is independent of Dow Jones Newswires and The Wall Street Journal.)
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