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mahatmakanejeeves

(65,652 posts)
4. Slightly more Americans apply for unemployment benefits last week, but layoffs remain relatively low
Thu Feb 20, 2025, 10:34 AM
Feb 2025

And now, from those people who continue to give us the Gulf of Mexico:

AP Business
{Slightly} more Americans apply for unemployment benefits last week, but layoffs remain relatively low

by MATT OTT, Associated Press - 02/20/25 8:50 AM ET

Slightly more Americans applied for jobless benefits last week, but layoffs remained in the same recent healthy range.

The number of Americans filing for jobless benefits rose by 5,000 to 219,000 for the week ending Feb. 15, the Labor Department said Thursday. Analysts projected that 215,000 new applications would be filed.

Weekly applications for jobless benefits are considered a proxy for layoffs. ... The four-week average, which evens out some of the week-to-week volatility, fell by 1,000 to 215,250.

Some analysts say they expect layoffs ordered by the Department of Government Efficiency to show up in the report in the coming weeks.

{snip}

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