US applications for jobless claims hold at healthy levels

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Source: ABC News/AP

March 7, 2024, 8:39 AM


U.S. applications for jobless benefits were unchanged last week, settling at a healthy level as the labor market continues to show strength in the face of elevated interest rates.

Unemployment claims for the week ending March 2 were 217,000, matching the previous week's revised level, the Labor Department reported Thursday.

The four-week average of claims, a less volatile measure, fell by 750 from the previous week to 212,250.

Weekly unemployment claims are broadly viewed as representative of the number of U.S. layoffs in a given week. They have remained at historically low levels since the pandemic purge of millions of jobs in the spring of 2020.

Read more: https://abcnews.go.com/Business/wireStory/us-applications-jobless-claims-hold-healthy-levels-107880921

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Unemployment Insurance Weekly Claims

Initial claims were 217,000 for the week ending 3/2 unchanged from the previous week's revised level.

Insured unemployment was 1,906,000 for the week ending 2/24 (+8,000).

https://dol.gov/ui/data.pdf
Unemployment Insurance Weekly Claims dol.gov
8:30 AM · Mar 7, 2024