US Jobless Claims Rise to 209,000 as Continuing Claims Drop to 1.78 Million
Updated
Updated · abcnews.com · Aug 13
US Jobless Claims Rise to 209,000 as Continuing Claims Drop to 1.78 Million
3 articles · Updated · abcnews.com · Aug 13
Summary
209,000 Americans filed new unemployment claims last week, up 9,000 from a revised 200,000 and above economists’ 205,000 estimate.
1.78 million people were collecting benefits in the week ended Aug. 1, down 22,000, while the four-week average held at 199,000—signaling layoffs remain historically low.
4.1% unemployment and claims stuck near the 200,000-230,000 range suggest the labor market is still resilient despite higher energy prices tied to fighting with Iran.
23,000 jobs were cut last month, and employers have added just 61,000 jobs a month this year, underscoring a “no hire, no fire” market with solid job security but weak hiring.