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.

US initial jobless claims rose to 209,000, up 9,000 from the prior week, after hitting 187,000 in July, the lowest level since…

The 4-week moving average held steady at 199,000, while continuing claims fell by 22,000 to 1.78 million

The increase partially unwound the prior week's decline, which had pushed claims to the lowest level of claims since late 1969.…

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…