U.S. jobless claims rise to 215,000 but layoffs remain low despite Iran war uncertainty - BNN Bloomberg
Original article ↗B.I.A.S. ANALYSIS
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Article Excerpt
WASHINGTON — More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the Iran war.
The Labor Department reported Thursday that jobless claims were up to 215,000, up from 210,000 the week before. The four-week moving average of claims, which smooths out week-to-week volatility, rose by nearly 6,300 to 209,000.
“Initial claims are still impressively low, near historic lows,” Carl Weinberg, chief economist at High Frequency Economics, wrote in a commentary. “The uptick from last week to this week is trivial in a labor market of 159 mi…
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