WATCH LIVE: Bessent holds White House briefing as jobless claims and inflation rise amid U.S.-Iran war
Summary
More Americans applied for unemployment benefits last week, rising from 210,000 to 215,000 claims. Despite concerns about economic effects from the U.S.-Iran conflict, job losses remain low, and overall jobless claims are near historic lows.Key Facts
- Jobless claims increased to 215,000 last week from 210,000 the previous week.
- The four-week average of claims also rose slightly to 209,000.
- The total U.S. workforce includes about 159 million workers.
- Layoffs continue to be low, even with recent economic uncertainty.
- Treasury Secretary Scott Bessent planned a White House briefing related to these issues.
- The rise in jobless claims is small compared to the size of the labor market.
- President Donald Trump stated Iran would not receive sanctions relief for giving up uranium.
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