AI Summary
The number of Americans filing new applications for jobless benefits rose slightly in the week ended March 21, demonstrating the persistent resilience of the US labor market.
Economists noted that uncertainty stemming from the hawkish trade policies of US President Donald Trump has weakened labor demand. The average number of private-sector jobs added per month did not exceed 18,000 during the three months ending in February, Reuters reported.
|
US Weekly Jobless Claims |
||||
|
Item |
Last Year |
Previous Week |
Latest Week |
Change |
|
Initial Claims (‘000) |
224 |
205 |
210 |
+5 |
|
Four-Week Average (‘000) |
223.75 |
210.75 |
210.5 |
(0.25) |
|
Total Beneficiaries (mln) |
1.852 |
1.851 |
1.819 |
(0.032) |
This data reflects that the US labor market remains weak under the pressure of trade policies and geopolitical tensions in the Middle East, which are weighing on production costs.
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