US weekly jobless claims fall amid low layoffs

Source: Yahoo! Finance

“The number of Americans filing new applications for jobless benefits fell last week amid low layoffs, but a reluctance by businesses to boost hiring because of softening domestic demand could drive the unemployment rate to 4.3% in August. Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 224,000 for the week ended August 9, the Labor Department said on Thursday. Economists polled by Reuters had forecast 228,000 claims for the latest week. The labor market has split into low firings and tepid hiring as businesses navigate President Donald Trump’s protectionist trade policy, which has raised the nation’s average import duty to its highest in a century.” (08/14/25)

https://finance.yahoo.com/news/us-weekly-jobless-claims-fall-123733370.html