US jobless claims fall to 215,000, beating expectations as layoffs stay low
By
Matt Ott
Summary
U.S. applications for unemployment benefits fell by 12,000 to 215,000 in the week ending June 20, coming in below analyst forecasts of 225,000. The data indicates that layoffs remain low despite economic headwinds creating uncertainty for businesses. However, the total number of Americans continuing to file for unemployment benefits rose by 21,000 to 1.82 million for the previous week ending June 13.
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Key quotes
· 3 pulledFewer Americans applied for jobless aid last week as layoffs remain low despite economic headwinds that are creating uncertainty for businesses.
U.S. applications for unemployment benefits in the week ending June 20 fell by 12,000 to 215,000, the Labor Department reported Thursday.
Weekly filings for unemployment benefits are considered representative of U.S. layoffs and are close to a real-time indicator of the health of the job market.
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