Updated
Updated · The Associated Press · Sep 3
US Jobless Claims Rise to 206,000 as Hiring Stays Weak Ahead of August Payrolls
Updated
Updated · The Associated Press · Sep 3

US Jobless Claims Rise to 206,000 as Hiring Stays Weak Ahead of August Payrolls

3 articles · Updated · The Associated Press · Sep 3

Summary

  • 206,000 Americans filed new unemployment claims last week, up 2,000 from a revised 204,000, while layoffs remained rare by historical standards.
  • 207,250 was the four-week average, and continuing claims edged up 8,000 to 1.78 million, reinforcing a labor market that is stable for current workers but slow for job seekers.
  • 4.1% unemployment has stayed low partly because employers, wary after post-pandemic labor shortages, are still reluctant to cut staff even as they hold back on new hiring.
  • 5% gross hiring fell to below 5.1 million in July, and employers have added just 61,000 jobs a month this year; economists expect Friday's report to show 65,000 August jobs and a 4.2% jobless rate.

Insights

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