Applications for US unemployment benefits dip to 210,000 in strong job market
- Jobless claims decreased to 210,000, with a four-week average falling to 211,000. 1.8 million Americans were collecting unemployment benefits.
- Despite layoffs at various companies, overall job cuts are below pre-pandemic levels. The U.S. Unemployment rate has been under 4% for 25 months.
- The U.S. Economy grew at a 3.4% annual pace from October to December, an upgrade from the previous estimate. Economists predict some labor market tightening.
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Leaning Left9Leaning Right0Center17Last Updated1 month agoBias Distribution65% Center