Veterans attend jobs fair in Los Angeles. The U.S. unemployment rate sits at a 50-year low of 3.5% after years of steady hiring. The numbers: The number of Americans who applied for unemployment benefits in late January fell slightly and gave no hint of rising layoffs, indicating the labor market remains very robust. Initial jobless claims declined by 7,000 to 216,000 in the seven days ended Jan. 25, the government said Thursday. The figures are seasonally adjusted.
Unusually, new claims in the prior week were revised up by a large 12,000 to 223,000. Big revision like that are rare but can happen sometimes around the holiday season. The more stable monthly average of jobless claims that filters out the weekly ups and downs fell by 1,750 to 214,500. 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 sinc
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