Economy

Unemployment Claims Drop Below 200,000 as Layoffs Stay Low

Recurring jobless claims also fall below 1.9 million, suggesting out-of-work people are finding jobs.
Unemployment Claims Drop Below 200,000 as Layoffs Stay Low
A hiring sign at the Fashion Centre at Pentagon City shopping mall in Arlington, Va., on Jan 3, 2024. Madalina Vasiliu/The Epoch Times
Andrew Moran
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The number of Americans filing for unemployment benefits fell last week, indicating the persistence of low layoff levels in the U.S. economy.

For the week ending Jan. 10, initial jobless claims declined by 9,000 to 198,000, according to Department of Labor data released on Jan. 15. The previous week’s reading was revised slightly lower to 207,000.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."