"The number of Americans applying for jobless aid for the week ending March 28 fell by 9,000 to 202,000 from the previous week's 211,000, the Labor Department reported Thursday. That's fewer than the 212,000 new filings analysts surveyed by the data firm FactSet were expecting and within the range of the past several years."
"Weekly jobless aid applications have stabilized in a range mostly between 200,000 and 250,000 since the U.S. economy emerged from the pandemic recession. However, hiring began slowing about two years ago and tapered even further in 2025 due to President Donald Trump's erratic tariff rollouts."
"Last month, the Labor Department reported that U.S. employers unexpectedly cut 92,000 jobs in February, a sign that the labor market remains under strain. Revisions also slashed 69,000 jobs from December and January payrolls, nudging the unemployment rate up to 4.4%."
Applications for unemployment benefits in the U.S. fell by 9,000 to 202,000, lower than analysts' expectations. Layoffs remain low despite a softening labor market and rising energy costs due to the Iran war. High-profile companies like Oracle, Morgan Stanley, and Amazon have announced job cuts. Jobless aid applications have stabilized between 200,000 and 250,000 since the pandemic recession. However, employers added fewer than 200,000 jobs last year, and the unemployment rate rose to 4.4% amid economic uncertainty and inflation pressures.
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