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- US weekly jobless claims rise marginally amid low layoffs
Initial jobless claims rose by 1,000 to a seasonally adjusted 199,000 in the week ended Oct 10, slightly below the 200,000 that economists polled by Reuters had forecast. It was the fifth straight week under 200,000, consistent with what economists describe as a “low-hire, low-fire” labor market. The Fed’s Beige Book described conditions as “little changed,” though skilled trade shortages persisted and some firms cut staffing, delayed hiring or expected less job creation after investing in AI to boost productivity. Continuing claims fell by 4,000, and the unemployment rate was 4.2% in September, with median unemployment duration at 11.5 weeks, near a 4-1/2-year high.
- US weekly jobless claims rise marginally amid low layoffs
- Weekly jobless claims inch higher as layoffs still low | The Arkansas Democrat - Gazette
- The number of Americans filing for jobless aid remains at historically low levels
Initial jobless claims for the week ending October 10 rose by 1,000 to 199,000, and the four-week average edged up to 198,500, signaling that layoffs remain historically low; claims have stayed below 220,000 so far this year. Total claims for the week ending October 3 fell by 4,000 to 1.71 million. The job market is described as 'low-hire, low-fire': unemployment ticked up to 4.2% last month, and employers added just 29,000 jobs in September, down from 133,000 in August and below forecasts. Concerns remain that higher borrowing costs and energy-driven inflation could push businesses to cut jobs, and Kroger said it will cut about 3,000 corporate roles over three years.
- The number of Americans filing for jobless aid remain at historically low levels below 200 , 000
Initial jobless claims for the week ending October 10 rose by 1,000 to 199,000, the Labor Department said, while the four-week average climbed to 198,500. Claims remain historically low, below 220,000 so far this year, suggesting most companies are holding onto workers even though hiring has been sluggish in a 'low-hire, low-fire' market. The unemployment rate edged up to a still-low 4.2% last month, and job gains slowed to 29,000 in September from 133,000 in August, below forecasts. Slower population growth and lower immigration mean fewer monthly jobs are needed to keep unemployment low, but higher borrowing costs and energy-driven inflation raise concerns of job cuts. Kroger plans to lay off about 3,000 corporate employees over three years, and Albertson's said more cuts are coming.
- The number of Americans filing for jobless aid remain at historically low levels below 200 , 000
Initial jobless claims for the week ending October 10 rose by 1,000 to 199,000, the Labor Department said, as layoffs remained historically low. The four-week average rose 250 to 198,500. The unemployment rate ticked up to a still-low 4.2% last month, while hiring has been sluggish, creating a 'low-hire, low-fire' job market. Employers added only 29,000 jobs in September, down from 133,000 in August and below forecasts. Kroger plans to lay off about 3,000 corporate workers over three years, and Albertson’s said more job cuts are coming.
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