US Initial Jobless Claims Fall to 215,000 as Continuing Claims Rise to 1.821 Million
Updated
Updated · investinglive.com · Jun 25
US Initial Jobless Claims Fall to 215,000 as Continuing Claims Rise to 1.821 Million
1 articles · Updated · investinglive.com · Jun 25
Summary
215,000 Americans filed new unemployment claims last week, down from a revised 227,000 and below the 225,000 estimate.
1.821 million people remained on benefits, up from a revised 1.800 million and above the 1.800 million forecast, signaling longer job searches even as new layoffs stayed contained.
The four-week average for initial claims edged up to 224,250 from 223,500, while the continuing-claims average rose to 1.795 million from 1.785 million.
The split between lower initial claims and higher continuing claims keeps the labor-market picture mixed for investors and the Federal Reserve, with layoffs still low but rehiring appearing slower.