US Weekly Unemployment Claims at 215,000... Lowest in Two Months

Continuing Unemployment Claims Exceed Expectations
Powell: "Labor Market in Solid Condition"

Last week, the number of new unemployment benefit claims in the United States fell below market expectations, reaching the lowest level in two months.

AP Yonhap News

According to the U.S. Department of Labor on the 17th (local time), the number of new unemployment benefit claims for the week of April 6-12 decreased by 9,000 from the revised figure of the previous week to 215,000. This was below the market forecast of 225,000.

The number of continuing unemployment benefit claims, which are claims filed for at least two weeks, was recorded at 1,885,000 for the week of March 30 to April 5. This exceeded both the revised figure of the previous week (1,844,000) and expert estimates (1,870,000).

Amid attention on the impact of U.S. President Donald Trump's tariff policies and federal government restructuring on the economy, the number of unemployment benefit claims remained relatively low. Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), reaffirmed his previous stance that the labor market is in a "solid condition" at an event held the day before at the Chicago Economic Club.

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