The number of Americans filing for unemployment benefits fell slightly last week, indicating a still-healthy U.S. labor market. U.S. jobless claims filings fell…
The number of Americans filing for unemployment benefits fell slightly last week, indicating a still-healthy U.S. labor market.
U.S. jobless claims filings fell by 2,000 to 220,000 for the week ending March 8, the Labor Department said Thursday. That’s fewer than the 226,000 new applications analysts forecast.
It’s not clear when job cuts ordered by the Department of Government Efficiency will show up in the weekly layoffs report, though some analysts expect them to surface in data in the coming weeks.
Those layoffs are part of the Trump administration’s efforts to shrink the size of the federal workforce through billionaire Elon Musk’s Department of Government Efficiency.
