Editor's PiCK
US initial jobless claims at 200,000, below expectations
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Summary
- The US Department of Labor said US initial jobless claims totaled 200,000 last week, 9,000 below the consensus forecast of 209,000.
- Continuing claims came in at 1,849,000, down 26,000 from the prior week's revised level of 1,875,000, it said.
- Analysts said they are watching employment indicators such as jobless claims to gauge how President Donald Trump's aggressive tariff policies are affecting corporate decision-making.
US initial jobless claims last week came in below market expectations.
The US Department of Labor said on the 22nd (local time) that initial jobless claims totaled 200,000 last week. The figure was 9,000 below the consensus forecast of 209,000. Compared with the prior week's revised level of 199,000, it was higher by 1,000.
Continuing claims, representing those who filed for unemployment benefits for a second consecutive week, totaled 1,849,000. That was 26,000 below the prior week's revised level of 1,875,000.
Initial jobless claims are an indicator used to gauge overheating in the US labor market. An increase in claims can be interpreted as a sign that an overheated labor market is cooling.
Analysts are closely watching employment indicators such as jobless claims to assess how President Donald Trump's aggressive tariff policies are affecting corporate decision-making.
