Jobless claims spike, in worrisome sign for the US labor market

[groundloop]

This discussion thread was locked as off-topic by Omaha Steve (a host of the Latest Breaking News forum).

Source: CNN


First-time applications for unemployment benefits rose much more than expected last week, a likely indication of some “noisy” data, but also a potential worrisome hint that cracks may be forming in America’s long-solid labor market.

There were an estimated 242,000 jobless claims filed last week, according to seasonally adjusted data released Thursday by the Department of Labor. That’s an increase of 22,000 from the prior week’s tally and a figure that landed well above economists’ expectations for 220,000 claims.

It’s the largest weekly spike in claims in more than four months and the weekly claims — a proxy for layoffs — are at their highest level since early December, Labor Department data shows.

[snip]

However, considering that the Trump administration is taking a figurative chainsaw through the employment ranks of the US government, the weekly claims data has risen in importance.

Read more: https://www.cnn.com/2025/02/27/economy/us-jobless-claims-layoffs/index.html

[BlueKota]

1. Exactly on the Fed Workers

where are all of them going to find commensurate work?Also as federal aid money gets cut to the states, the states will have to lay of more of their workers too. .

One of the first things they teach in Public Administration classes is before any public policy is even proposed let alone passed, carefully consider potential consequences both positive and especially negative ones before proceeding. Magats push their ideas out of their behind without any consideration of anything but their own short term perceived benefit.

[travelingthrulife]

5. Libertarians and Republicans never think beyond their nose.

Consequences? They never heard of them.

[NotHardly]

8. Hint: Republicans don't give a sh*t.

[Unwind Your Mind]

2. Hmm let's see

No Shit Sherlock

Is anyone really surprised?

[DBoon]

3. It is not noise in the data

It is the sound of millions of voices suddenly crying out in terror and then suddenly silenced.

[travelingthrulife]

4. "rose more than expected'

Why would you think joblessness rates would not rise after Elon /Trump have fired everyone but your goldfish.
This article is really clued out, "hint at cracks", "likely indication of 'noisy data'"

[JohnSJ]

6. and these numbers have not even factored in the massive layoffs the sociopath is doing.

[wolfie001]

7. Funny how the gas prices all went down here in Maryland about 2 days ago

M6ther F6cking oil companies are all pro-trump. Nasty people. Pigs. Made sure they kept a premium price the whole time Biden was in office raking in 10s of $ billions. Collusion no doubt.

[Omaha Steve]

9. AFTER a review by forum hosts LOCKING

DUPE of https://www.democraticunderground.com/10143405356

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