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 weeks 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

FredGarvin
(684 posts)The job market is still strong.
Bernardo de La Paz
(57,361 posts)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)Not trusting anything coming out now...Also think when it crashes it will be hard and fast.
Bernardo de La Paz
(57,361 posts)sdfernando
(5,833 posts)guess I should have been clearer, but at work so not focusing 100% on this.
Bernardo de La Paz
(57,361 posts)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)Companion appellation to "Mango Mussolini".
everyonematters
(3,882 posts)Bernardo de La Paz
(57,361 posts)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.
everyonematters
(3,882 posts)wolfie001
(5,773 posts)A return to "simpler times"
JI7
(92,365 posts)and gotten worse with the deportations.