Fewer Americans sought unemployment benefits last week as layoffs remain low
Washington (AP) – Number of Americans applying for unemployment benefit Falling last weekThe Ministry of Labor said on Thursday that companies did not cut many jobs.
Unemployed allegations for the week ending on June 21 fell to 236,000, a historical low level. The average of four -week claims that softened the weekly volatility fell 750 to 245,000.
Applications for unemployment aid is a proxy for layoffs, and therefore decrease is proof that businesses mostly hold their employees. Nevertheless, separate data show that the economists call “no recruitment, no fire” is the coolness of what they call the labor market.
Unemployment rate remains lowHowever, there are signs that the economy slows down. This year, employers added 124,000 jobs from 168,000 to a month but vague 124,000 last year. Most of the recruitment has concentrated in several sectors, especially health services, restaurants and hotels and government. The layoffs were often low, but recruitment was weak.
Nevertheless, for many job seekers, it was a challenge to create a stagnant creation of new jobs. Last university graduates face the most challenging labor market. For more than ten years. The unemployment rate for graduates aged 22 to 27 is now higher than the general unemployment rate and the gap between the two is the largest of more than 30 years.
The difficulty in finding a job of most of the unemployed can be seen in the number of people who continue to demand unemployment aid rising to 37,000 to 1.97 million for the week ending on June 14th.
Separately, economy 0.5 % shrink The Trade Department said in a statement on Thursday in the first three months of the year, in a statement that a worse show than a previous 0.2% decline prediction. Before the tariffs of the Trump administration entering into force, a flood of imports sank the economy while companies running to bring foreign goods.
A category that measures the basic power of the economy within the GDP data decreased from 2.9% to 2.9% in the fourth quarter of 2024 and rose by 1.9% annually from January to March.
