Jobless Claims Rise to 231,000 in Latest Week
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Washington. The Labor Department reported Thursday that initial U.S. jobless claims rose by 22,000 to 231,000 for the week ending Jan. 31, the largest weekly increase in two months. The four-week moving average increased to 212,250. Economists surveyed by FactSet had forecast 211,000 claims. Officials and analysts view initial claims as a near real-time indicator of layoffs and labor market health. Over the past year several large employers, including UPS, Amazon and Dow, announced cuts, and the Washington Post laid off about one-third of its staff this week. Policymakers monitored the data. Based on 6 articles reviewed and supporting research.
More context
Timeline
- 1. Over the past year multiple large employers announced workforce reductions.
- 2. Week ending Jan. 24: government reported total filings at 1.84 million.
- 3. Thursday, Labor Department released weekly initial claims for week ending Jan. 31.
- 4. Initial claims rose 22,000 to 231,000, exceeding FactSet forecast of 211,000.
- 5. The Washington Post announced layoffs of about one-third of its staff this week.
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
