Economic Report: New jobless claims rise slightly to 211,000 in mid-January, but still show very few layoffs

The U.S. economy is still adding jobs and layoffs remain near a 50-year low. The numbers: The number of Americans who applied for unemployment benefits in mid-January rose slightly, but layoffs remain near a 50-year low and there’s no sign of deterioration in the strongest U.S. labor market in decades. Initial jobless claims increased by…

Economic Report: New jobless claims rise slightly to 211,000 in mid-January, but still show very few layoffs

The U.S. economy is still adding jobs and layoffs remain near a 50-year low. The numbers: The number of Americans who applied for unemployment benefits in mid-January rose slightly, but layoffs remain near a 50-year low and there’s no sign of deterioration in the strongest U.S. labor market in decades. Initial jobless claims increased by 6,000 to 211,000 in the seven days ended Jan. 18, the government said Thursday. The figures are seasonally adjusted.

The more stable monthly average that filters out the weekly ups and downs slipped by 3,250 to 213,250. New unemployment claims are seen as a rough measure of how many people are losing their jobs. They briefly fell under 200,000 last April to a 50-year low and have hovered in the low 200,000s since then. Read: Share of union workers in the U.S. falls to a record low in 2019 What happened: Raw or unadjusted jobless claims actually rose in G
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