Weekly U.S. Jobless Claims Rise to 214,000... Layoff Rate Remains Low

Similar to Last Year's Lowest Levels

Indicating Labor Market Stabilization

A worker is organizing food ingredients at a market located in Manhattan. New York, USA - Photo by Yoonju Hwang

The number of new unemployment benefit claims in the United States increased by 6,000 last week, reflecting a low rate of layoffs.

On April 23 (local time), the U.S. Department of Labor announced that the number of new unemployment benefit claims for the week of April 12 to 18 was 214,000, an increase of 6,000 from the previous week. This figure slightly exceeded the expert forecast of 210,000 compiled by Dow Jones.

The number of continuing unemployment benefit claims, which counts those who have applied for benefits for two weeks or more, was 1,821,000 for the week of April 5 to 11, up by 12,000 from the previous week.

Bloomberg assessed that the unemployment benefit claims, which can be used to gauge trends in unemployment increases and decreases, remain near last year’s lowest levels and align with recent data indicating that the labor market is stabilizing.

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