More Americans file for unemployment benefits, but layoffs remain historically low
Source: ABC News/AP
January 16, 2025, 8:40 AM
The number of Americans applying for unemployment benefits rose last week, but layoffs remain historically low and the job market broadly healthy.
Applications for jobless benefits rose by 14,000 for the week ending January 11, the Labor Department said Thursday, up from the previous week’s 203,000. The previous week's figure was the lowest since February of last year.
The four-week average of claims, which softens some of the week-to-week volatility, dipped by 750 to 212,750. The total number of Americans receiving unemployment benefits for the week of January 4 fell to by 18,000 to 1.86 million.
Weekly applications for jobless benefits are considered a proxy for layoffs. Though some signs of labor market weakness surfaced in 2024, jobs are still plentiful and layoffs historically low.
Read more: https://abcnews.go.com/Business/wireStory/americans-file-unemployment-benefits-week-layoffs-remain-historically-117742030
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Unemployment Insurance Weekly Claims
Initial claims were 217,000 for the week ending 1/11 (+14,000).
Insured unemployment was 1,859,000 for the week ending 1/4 (-18,000).
https://dol.gov/ui/data.pdf
Blue graphic with white text that reads Unemployment Insurance Weekly Claims | dol.gov.
8:41 AM · Jan 16, 2025