US Weekly Jobless Claims Stay Low Despite High-Profile Layoff Announcements

US Weekly Jobless Claims Stay Low Despite High-Profile Layoff Announcements
A sign advertising job openings is seen outside of a Starbucks in Manhattan, New York, on May 26, 2021. Andrew Kelly/Reuters
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WASHINGTON—The number of Americans filing new claims for unemployment benefits fell slightly more than expected last week, pointing to underlying labor market strength despite a recent surge in announced layoffs, mostly in the technology industry.

The report from the Labor Department on Thursday also showed unemployment rolls shrinking a bit in late January after swelling to a two-month high earlier.