U.S. new unemployment insurance claims rise to 231,000, suggesting easing of labor market | Reuters

[ワシントン １６日 ロイター] – The U.S. Department of Labor announced on the 16th that the number of new unemployment insurance claims (seasonally adjusted) for the week ending on the 11th increased by 13,000 to 231,000. The market estimate was 220,000. This is the highest level since August. This suggests that the situation in the labor market continues to ease.

Nancy Vanden Houten, lead economist at Oxford Economics, said: “For the Federal Reserve to be confident that inflation is on a stable path back to 2%, it will need to improve labor market and wage trends.” We need to see a further slowdown in growth.”

The number of applications before the adjustment was 215,874, an increase of 1,713. Applications surged in Massachusetts and New York, offsetting large declines in Oregon and Georgia.

The increase in new jobless claims coincides with the recent slowdown in employment. Employment growth slowed in October, with the unemployment rate at 3.9%, the highest level since January 2022.

The number of continuous recipients for the week ending on the 4th increased by 32,000 to 1,865,000. The number of continuous recipients has been increasing since September.

Many economists attribute this to seasonal factors rather than any significant changes in the labor market. He expects the problem will be resolved when the government updates the data next spring.

However, several experts said the continued rise in unemployment claims meant more people were experiencing longer periods of unemployment.

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