U.S. filings for unemployment aid fall to 187,000 last week, fewest in decades
Summary
Applications for unemployment benefits in the U.S. fell to 187,000 last week, the lowest weekly total in over 50 years. Despite slower job hiring in June, layoffs remain low, showing a relatively stable job market amid economic uncertainty.Key Facts
- Last week, 187,000 Americans applied for unemployment benefits, the fewest since 1969.
- The number of jobless claims dropped by 22,000 from the previous week.
- Analysts had expected around 215,000 new applications, higher than the actual figure.
- The June unemployment rate slightly decreased to 4.2%, partly because some people stopped looking for work.
- Hiring slowed in June with only 57,000 jobs added, less than half of May’s total.
- Some big companies like Microsoft, Verizon, Amazon, Disney, Starbucks, and Walmart recently cut jobs.
- President Donald Trump’s policies, including tariffs and federal workforce changes, have affected hiring trends.
- The four-week average of jobless claims also fell to about 207,500, showing consistent low layoffs.
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