US Jobless Claims Dip to 209,000 Amidst Layoffs and Slowing Job Market
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CNBC TV18•29-01-2026, 20:15
US Jobless Claims Dip to 209,000 Amidst Layoffs and Slowing Job Market
- •US applications for jobless benefits fell by 1,000 to 209,000 for the week ending January 24, slightly above analyst expectations.
- •Despite high-profile layoffs from companies like UPS, Amazon, and Dow, jobless claims remain at historically healthy levels.
- •The US economy added only 584,000 jobs in 2025, the smallest annual gain since 2020, averaging about 50,000 per month.
- •Businesses posted fewer open jobs in November, indicating reluctance to hire new staff, a trend dubbed 'low hire, low fire'.
- •The Federal Reserve recently held its benchmark lending rate steady, citing an improving economic outlook and stabilizing labor market.
Why It Matters: US jobless claims remain low, but the labor market shows signs of slowing hiring and economic pessimism.
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