Jobless claims rise to 4½-month high, but here's the thing: Layoffs aren't really rising

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Jobless claims rise to 4½-month high, but here's the thing: Layoffs aren't really rising

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What matters in this story

1
The rise in the number of people seeking unemployment benefits in early June is not driven by an increase in business layoffs. — This mitigates fears of a sudden economic downturn or systemic corporate downsizing, supporting a more stable outlook for risk assets.
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2
The number of people seeking unemployment benefits rose again in early June. — An increase in unemployment claims is generally a bearish signal for economic momentum, though tempered by the reason for the increase.
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Jobless claims rise to 4½-month high, but here's the thing: Layoffs aren't really rising

What matters in this story

Get the names this kind of story moves — emailed every week.

U.S. Jobless Claims Rose Last Week

Jobless claims rise to 4½-month high, but here's the thing: Layoffs aren't really rising

What matters in this story

Get the names this kind of story moves — emailed every week.

U.S. Jobless Claims Rose Last Week

Opendoor's India exit is fueling a bigger conversation about AI and outsourcing

Google DeepMind economist sees no AI jobs bloodbath yet, but warns of a layoff cascade

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Gold price remains under pressure as U.S. jobless claims rises to 229k

Jobless claims rise to 4½-month high, but here's the thing: Layoffs aren't really rising

What matters in this story

Get the names this kind of story moves — emailed every week.

Next reads from the same story arc

U.S. Jobless Claims Rose Last Week

Jobless claims rise to 4½-month high, but here's the thing: Layoffs aren't really rising

What matters in this story

Get the names this kind of story moves — emailed every week.

Next reads from the same story arc

U.S. Jobless Claims Rose Last Week

Opendoor's India exit is fueling a bigger conversation about AI and outsourcing

Google DeepMind economist sees no AI jobs bloodbath yet, but warns of a layoff cascade

Microsoft's Xbox Could Be Set to Undergo 'Major' Layoffs Next Month

5 Things to Know Before the Stock Market Opens

Gold price remains under pressure as U.S. jobless claims rises to 229k