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Omaha Steve

(106,523 posts)
Wed Jun 18, 2025, 09:10 AM Jun 18

US unemployment claims dipped to 245,000 last week, hovering at historically low levels

Source: AP

By PAUL WISEMAN
Updated 8:06 AM CDT, June 18, 2025

WASHINGTON (AP) — The number of Americans applying for unemployment benefits dipped to 245,000 last week, hovering at historically low levels, the Labor Department said Wednesday.

U.S. jobless claims ticked down from 250,000 the week before. Economists had expected last week’s claims to match that at 250,000.

The four-week average of claims, which smooths out week-to-week volatility, rose to 245,500, the highest since August 2023.

The number of Americans collecting unemployment benefits the week of June 7 slid to 1.95 million.



Read more: https://apnews.com/article/jobs-unemployment-benefits-claims-economy-trump-tariffs-07b68dcba6b42864913e49e6ebdf33b5

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Bernardo de La Paz

(57,361 posts)
2. Jobs stable, but turnover is down and fed layoffs are delayed due to "deferred resignations" hitting in Sept.
Wed Jun 18, 2025, 10:11 AM
Jun 18

Job openings are down, but job exits are down. People aren't leaving jobs to look for better ones.

Housing starts and permits are down some. Single family homes are a bit glutted, but apartments are harder to find.

The economy has been surprisingly resilient, even to economists, but seems to be fraying a bit at the edges.

sdfernando

(5,833 posts)
3. I'm not so sure the picture is as rosy as they are making it look
Wed Jun 18, 2025, 11:25 AM
Jun 18

Not trusting anything coming out now...Also think when it crashes it will be hard and fast.

sdfernando

(5,833 posts)
5. They as in orange caligula's administration.
Wed Jun 18, 2025, 11:41 AM
Jun 18

guess I should have been clearer, but at work so not focusing 100% on this.

Bernardo de La Paz

(57,361 posts)
6. Cynicism can promote prudent watchfulness but can also lead astray
Wed Jun 18, 2025, 11:47 AM
Jun 18

The Bureau of Labor statistics are calculated by competent unbiased professionals, vouched for by a DU member who worked with them for 30 years.

At some point down the road, there may be interference, but not so far. You can't point to any evidence of interference in their work. Their work is consistent with the work of analysts at independent companies such as ADP and large accounting firms (hence the need for clarity on "they" ).

Bernardo de La Paz

(57,361 posts)
9. I like the reference to the Roman emperor. I would suggest Cantaloupe Caligula. . . nt
Wed Jun 18, 2025, 12:10 PM
Jun 18

Companion appellation to "Mango Mussolini".

Bernardo de La Paz

(57,361 posts)
8. YES. Major cause of maga angst & of voters drifting away from Democrats who do not address it much
Wed Jun 18, 2025, 12:03 PM
Jun 18

Senator Elizabeth Warren and Senator Bernie Sanders do address it, and maybe AOC and others. But too few, too little, and why the hell not?

Wealth and income disparity is a major cause of societal problems in the US and is historically unsustainable. Democrats have a golden opportunity to make inroads by addressing it and dealing with it, so that it gets ameliorated peacefully.

JI7

(92,365 posts)
11. A lot of places have difficulty finding or keeping employees
Wed Jun 18, 2025, 01:02 PM
Jun 18

and gotten worse with the deportations.

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