US labour market knowledge: Jobless claims drop to 233,000 as layoffs stay low; total unemployment rolls hold near 2 million

Applications for unemployment advantages within the US declined final week, reflecting continued energy within the labour market regardless of broader financial uncertainty round tariffs.According to knowledge launched by the Labor Department on Thursday, jobless claims for the week ending June 28 fell by 4,000 to 233,000. The determine got here in beneath analyst expectations of 241,000, AP reported.The four-week shifting common — which smooths out weekly fluctuations — additionally dropped by 3,750 to 241,500, additional indicating stability in employment developments.Unemployment profit functions are extensively considered as a proxy for layoffs. The general variety of Americans receiving unemployment support for the week ending June 21 remained unchanged at 1.97 million.