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.

Initial claims for state unemployment benefits rose 8,000 to a seasonally adjusted 247,000 for the week ended May 31, the Labor…

Recent economic data and analysts have warned of a cooling labor market in recent months.

The summer of layoffs is real.

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