WASHINGTON (AP) – The number of Americans who sign up for unemployed benefits is modest last week, a sign that employers still retain employees, despite economic uncertainty with regard to American trade policy.
Jobilse claims for the week that ended on 2 August rose with 7,000 to 226,000, the employment department reported on Thursday, slightly more than the 219,000 new applications that economists had predicted.
The report is the first data of the Government data data data data since the Grim July Jobs report of Friday financial markets walked down, so that President Donald Trump set out the head of the agency that the monthly jobs will yield figures.
Weekly applications for unemployed benefits are seen as a proxy for us and have usually established themselves in a historically healthy reach between 200,000 and 250,000 since COVID-19 has drunk the economy in the spring of 2020.
It was only the second time in eight weeks that Jobless Benefit applications rose.
Although redundant low according to historical standards, there has been noticeable decline on the labor market this year.
Last week the government reported that American employers added only 73,000 jobs in July, more than with the expected 115,000. Even worse, revisions of the figures from May and June Schrited a stunning 258,000 jobs of earlier estimates and the unemployment rate tapped to 4.2% of 4.1%.
“The theme 'No Hire/No Fire' on the labor market remains firmly intact,” analysts wrote for Jeffries in a note to customers.
Many economists claim that Trump's irregular tariff role in April created uncertainty for employers, who have become cautious to expand their payroll.
On Friday, Trump's Grim Banan report increased Trump's anger, which claimed that the data was manipulated for political reasons and ordered the dismissal of Erika McelCerfer, the head of the Bureau or Labor Statistics, which produces the monthly job figures.
The firing was simply criticized by economists, who, together with Wall Street investors, have long considered the track figures reliably. Stock and bond markets often respond sharply when they are released.
The American markets were withdrawn during last week's job report, with the industrial average of Dow Jones on Friday more than 600 points.
The BLS does not contribute to the weekly unemployment benefit report, except to calculate the annual season adjustments that take into account changes in the weather, holidays and school schemes.
The Employment and Training Administration of the Ministry of Labor collects the weekly unemployment insurance claims reported by each state.
There was another indication that the labor market softened in a government report last week, which showed that employers posted 7.4 million vacancies in June, compared to 7.7 million in May. The number of people who are selling their job – a sign of trust in finding a better job – has been to the lowest level since December in June. Hiring also fell from May.
Nevertheless, large companies have announced job losses this year, including Procter & Gamble, Dow, CNN, Starbucks, Southwest Airlines, Microsoft, Google and Facebook mother company Meta. Recently Intel and The Walt Disney Co. announced personnel reductions.
The deadline on most of the rigid proposed taxes of Trump on the input started on Thursday, although some deals have been closed and others have been extended. Unless Trump reaches deals with countries to lower the rates, economists fear that they can act as a resistance to the economy and cause a new increase in inflation.
The Thursday report also showed that the average of four weeks of claims, which smoothes part of the volatility from week to week, fell by 500 to 220,750.
The total number of Americans who collected unemployment benefits for the last week of July 26 jumped with 38,000 to 1.97 million, the highest level since November 2021.
