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US Jobless Claims Tick Up to 212,000 Weekly Amid Moderate Layoffs
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US Jobless Claims Edge Up to 212,000, Layoffs Remain Moderate
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CNBC TV18
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26-02-2026, 20:16
US Jobless Claims Edge Up to 212,000, Layoffs Remain Moderate
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US weekly jobless claims rose slightly by 4,000 to 212,000 for the week ending February 21, matching analyst expectations.
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Layoffs remain moderate, with weekly claims staying within a historically low range of 200,000 to 250,000 for several years.
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Despite some high-profile job cuts by companies like UPS and Amazon, the overall job market is in a "low-hire, low-fire" state.
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Government revisions significantly cut 2024-2025 US payrolls, reducing last year's job creation to 181,000, the weakest since 2020.
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Economists are divided on whether January's strong job gains signal recovery or a one-off, impacting potential Fed interest rate cuts.
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