Unemployment claims in the US are at their lowest in 9 months

The number of first-time applications for unemployment benefits in the US fell to 186,000 in the week ending January 21, the lowest level since April 2022.

The U.S. Department of Labor has released data on weekly unemployment benefits applications.

Accordingly, the number of people claiming unemployment benefits for the first time in the country decreased by 6 thousand people in the week ending January 21, compared to the previous week, and decreased to 186,000. Unemployment benefits, which fell to the lowest level since April 2022 by decreasing market expectations, were expected to be realized at the level of 205 thousand in this period.

The previous week’s data for unemployment benefits applications was revised to 192 thousand.

Last week’s prestige, 4-week average unemployment benefits applications decreased by 9 thousand 250 people compared to the previous week and decreased to 197 thousand 500.

On the other hand, ongoing unemployment applications increased by 20 thousand in the week ending January 14 to 1 million 675 thousand.

Analysts said that the decline in applications for unemployment benefits shows that the labor market remains tight despite the tightening of the US Federal Reserve’s (Fed) aggressive monetary policy.