US jobless claims dip to 215,000
Analysis based on 17 articles · First reported Jul 02, 2026 · Last updated Jul 09, 2026
The data suggests the labor market remains resilient despite slowing hiring, which may support consumer spending and economic growth. However, the tepid June jobs report and ongoing layoffs at major companies indicate caution, potentially weighing on market sentiment.
The number of Americans filing for unemployment benefits dipped slightly last week as layoffs in the U.S. remain historically low. U.S. applications for jobless aid in the week ending July 4 ticked down by 2,000 to 215,000, the United States — United States Department of Labor reported Thursday. Analysts surveyed by FactSet forecast 220,000 new applications. The four-week moving average fell by 3,750 to 218,750. The total number of Americans filing for benefits for the previous week ending June 27 rose by 8,000 to 1.81 million, still a historically healthy figure. The June jobs report showed employers added only 57,000 jobs, less than half the previous month's total, and the unemployment rate dropped to 4.2% from 4.3% in May, partly because many out-of-work people gave up looking for jobs. Hiring has slowed due to President Donald Trump's tariffs, his purge of the federal workforce, and lingering high interest rates. Several companies including Verizon, United Parcel Service, Amazon (company), The Walt Disney Company, Starbucks, and Walmart have trimmed their workforce recently. Microsoft cut 4,800 jobs, about 2.1% of its global workforce, including many at its Microsoft — Xbox video game business.
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