United States Weekly Jobless Claims Rise to 200000 Below Economic Forecasts

Initial jobless claims rose to 200,000 for the week ended January 17, beating forecasts. The US labor market is steady despite policy and AI-related headwinds.

Initial claims for state unemployment benefits in the USUS rose by 1,000 to a seasonally adjusted 200,000 for the week ended January 17, according to data released by the U.S. Labor Department on Thursday, January 22. This figure came in below the 210,000 claims forecast by economists polled by Reuters, indicating that the labor market has maintained its steady job growth momentum. The timing of this report is particularly significant as it captures the labor market snapshot during the period when the government surveyed employers for the January nonfarm payrolls report.
Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly/File Photo
Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly/File Photo
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