For the week ending August 30, the number of first-time unemployment claims was 237,000, the highest level since June, exceeding the expected 230,000; the four-week moving average for first-time unemployment claims also rose to 231,000, the highest level since July.
After the poor JOLTS data, weaker than expected ADP employment report, and a surge in layoffs reported by Challenger, the number of unemployment claims in the U.S. rose to its highest level since June last week, further proving that the labor market is cooling.
On Thursday, the latest data from the U.S. Department of Labor showed that for the week ending August 30, the number of first-time unemployment claims was 237,000, the highest level since June, exceeding the expected 230,000, with a prior value of 229,000.
Meanwhile, the number of people continuing to claim unemployment benefits in the week ending August 23 in the U.S. was 1,940,000, expected to be 1,959,000, up from the previous value of 1,954,000.
An indicator that helps smooth out volatility—the four-week moving average of initial unemployment claims rose to 231,000, the highest level since July.
After seasonal adjustments, the number of first-time applicants increased last week, with the largest increases in Connecticut and Tennessee.
When assessing the economic impact of President Donald Trump's policies, businesses have become more hesitant in hiring. The August Challenger report shows that companies' willingness to hire has fallen to the lowest level for August since 2009, with a surge in layoffs.
Earlier released ADP data also showed that hiring at U.S. companies slowed last month. The Federal Reserve and investors will release the government’s August employment report on Friday, which will provide a more comprehensive view of the labor market's health. Economists predict that job growth will remain sluggish this month, and the unemployment rate will rise. #美国当周失业金人数 #非农就业数据来袭 $BTC
