Recurring jobless claims spike to highest level since 2021 at 1.96 million
June 12, 2025
Another tariff warning sign as wholesale inflation surges unexpectedly in July
BY PAUL WISEMAN AND ASSOCIATED PRESS
August 14, 2025
Applications for unemployment benefits for the week ending Aug. 9 fell by 3,000 to 224,000, the Labor Department reported Thursday, below the 230,000 forecast.
Recurring jobless claims spike to highest level since 2021 at 1.96 million
June 12, 2025
Another tariff warning sign as wholesale inflation surges unexpectedly in July
BY PAUL WISEMAN AND ASSOCIATED PRESS
August 14, 2025

U.S. layoffs remain in the same historically healthy range of the past few years.

Applications for unemployment benefits plummeted to a three-year low the prior week.

US unemployment claims saw a sharper-than-expected drop last week, signaling continued labor market strength. Despite this…

...reinforcing the more hawkish 'labor market is resilient' framework introduced last week.

New unemployment claims climbed by 11,000 for the week ending Aug. 16 over the week before bringing the number of new claims to…

...but remain in the middle of the range of the last four years...