financetom
Economy
financetom
/
Economy
/
U.S. weekly new jobless claims drop to 6-week low
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
U.S. weekly new jobless claims drop to 6-week low
Jul 3, 2025 6:17 AM

(Reuters) -The number of Americans filing new applications for jobless benefits fell to a six-week low last week, but the ranks of those continuing to collect benefits after their initial week held steady at the highest in nearly four years in the prior week.

Initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 233,000 - the lowest since mid-May - for the week ended June 28, the Labor Department said on Thursday. Economists polled by Reuters had forecast 240,000 claims for the latest week.

The total ranks of those on jobless benefits rolls was unchanged in the week ended June 21 at 1.964 million, which is the highest level since the fall of 2021. 

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Big deal: Experts discuss road to sustainability for Corporate India
Big deal: Experts discuss road to sustainability for Corporate India
Apr 15, 2021
The biggest impact of COVID-19 on the world has been the accentuated move towards business sustainability. Recent regulatory push and events have shown that ESG compliance is not an option any more and Corporate India will have to actively move in this direction and even articulate their sustainability strategy to the stakeholders. Nisha Poddar speaks to experts Yasemin Lamy of CDC Group, CP Gurnani of Tech Mahindra and Amit Chandra of Bain Capital.
PepsiCo clocks mid-single-digit growth in India in Q1 2021
PepsiCo clocks mid-single-digit growth in India in Q1 2021
Apr 15, 2021
"Our developing and emerging markets remained resilient and delivered mid-single-digit organic revenue growth in the quarter, including double-digit growth in Brazil, Russia and China, mid-single-digit growth in India and low-single-digit growth in Mexico," it said.
Indianomics: Experts decode GDP downgrades; say pent up demand to boost Q2
Indianomics: Experts decode GDP downgrades; say pent up demand to boost Q2
Apr 16, 2021
The season for gross domestic product (GDP) downgrades appears to have begun. Nomura was the first to lower the FY22 India GDP forecast to 12.6 percent from 13.5 percent. Now JPMorgan has lowered their forecast to 11 percent from 13 percent and UBS has lowered to 10 percent from the 11.5 percent earlier. The reasons are obviously the COVID surge and resultant restrictions imposed by several state governments. Hitendra Dave, Head of Global Banking and Markets at HSBC India, Samiran Chakraborty, Chief Economist at Citi and Sonal Varma, Chief Economist at Nomura India shared their views.
IL&FS ups debt resolution target to Rs 61,000 crore, says Rs 43,100 crore of debt already addressed
IL&FS ups debt resolution target to Rs 61,000 crore, says Rs 43,100 crore of debt already addressed
Apr 15, 2021
Its chairman Uday Kotak said nearly Rs 43,100 crore of debt stands addressed as of today, including filings made with NCLT/NCLAT and final orders of Supreme Court awaiting compliance.
Copyright 2023-2026 - www.financetom.com All Rights Reserved