AI Summary
The number of Americans filing new applications for jobless benefits witnessed a modest drop in the week ended Jan. 24, falling below market expectations.
The latest figures—which cover the period including last week’s Martin Luther King Jr. holiday—remain consistent with relatively low levels of layoffs. This trend persists despite a cooling in hiring that has fueled concerns among US households regarding the overall strength of the labor market.
|
US Weekly Jobless Claims |
||||
|
Item |
Last Year |
Previous Week |
Latest Week |
Change |
|
Initial Claims (‘000) |
210 |
210 |
209 |
(1) |
|
Four-Week Average (‘000) |
213.5 |
204 |
206.25 |
2.25 |
|
Total Beneficiaries (mln) |
1.849 |
1.865 |
1.827 |
(0.038) |
Be the first to comment
Comments Analysis: