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lostincalifornia

(4,514 posts) Thu Sep 4, 2025, 08:45 AM Sep 4

US Initial Jobless Claims Rise to Highest Level Since June

"Applications for US unemployment benefits rose to the highest since June, adding to evidence that the labor market is cooling.

Initial claims increased by 8,000 to 237,000 in the week ended Aug. 30. The median forecast in a Bloomberg survey of economists called for 230,000 applications.

Continuing claims, a proxy for the number of people receiving benefits, were little changed at 1.94 million in the previous week, according to Labor Department data released Thursday.

Companies have grown more hesitant about hiring while assessing the economic impact from President Donald Trump’s policies. Hiring plans fell to the weakest level for any August on record in data from outplacement firm Challenger, Gray & Christmas going back to 2009, while intended job cuts rose."

https://www.bloomberg.com/news/articles/2025-09-04/us-initial-jobless-claims-rise-to-highest-level-since-june?srnd=homepage-americas

2 replies

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US Initial Jobless Claims Rise to Highest Level Since June (Original Post) lostincalifornia Sep 4 OP

Private payrolls was also a big miss Johnny2X2X Sep 4 #1

Trump will demand that company fire whoever runs the report newdeal2 Sep 4 #2

Johnny2X2X

(23,425 posts)

1. Private payrolls was also a big miss

Reply to lostincalifornia (Original post)

Thu Sep 4, 2025, 08:55 AM

Sep 4

54K added when 65K was expected.

Tomorrow's BLS jobs report might be the last one we can trust for a while. Its going to be bad and Trump will flip his lid.

newdeal2

(4,155 posts)

2. Trump will demand that company fire whoever runs the report

Reply to lostincalifornia (Original post)

Thu Sep 4, 2025, 08:57 AM

Sep 4

Facts can’t interfere with his fake reality.

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