Source: MarketWatch
“The number of people who applied for unemployment benefits last week fell to a six-week low, underscoring the reluctance of businesses to lay off workers even amid the tumult of ongoing trade wars. Initial jobless claims dropped by 10,000 to 227,000 in the seven days ended June 21, based on seasonally adjusted data, the government said Thursday. The raw or unadjusted number of new jobless claims, what’s more, was virtually identical to the same week one year earlier. New claims fell in 38 of the 53 U.S. states and territories. The biggest declines came in states that saw a surge in filings last month after school was over. The number of jobless workers collecting unemployment benefits rose by 37,000 to 1.97 million, marking the highest level since November 2021.” (06/256/25)