U.S. New Unemployment Claims at 241,000, Exceeding Expectations

Minseung Kang

Summary

It was announced that the number of new unemployment claims in the U.S. exceeded expectations at 241,000.
The number of continuous unemployment claims also exceeded expectations at 1,916,000.
This indicates that the employment market is cooling, according to the report.

The number of new unemployment claims in the United States exceeded expectations.

According to the U.S. Department of Labor's announcement on the 1st (local time), the number of new unemployment claims this week was 241,000, exceeding the expected 224,000.

The number of continuous unemployment claims, which have been filed for two consecutive weeks, also exceeded expectations at 1,916,000 compared to the expected 1,860,000.

The number of new unemployment claims is one of the indicators that can gauge the overheating of the U.S. labor market. An increase in unemployment claims suggests an increase in the number of unemployed, indicating a cooling of the employment market.