The number of Americans filing new claims for unemployment benefits rose slightly last week.
The U.S. Department of Labor announced today that the number of applications for government unemployment benefits rose by a seasonally adjusted 4,000 to 212,000 for the week ending February 21.
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Last week included the President’s Day holiday, which may have affected the data. However, the level of insurance claims shows that the labor market remains stable after being depressed last year due to uncertainty due to wide-ranging tariffs imposed by US President Donald Trump.
Last Friday, the U.S. Supreme Court struck down tariffs imposed by President Trump under a law that declared it a national emergency.
President Trump immediately imposed 10% tariffs worldwide for 150 days to replace some of the canceled tariffs, and raised those tariffs to 15% earlier in the week.
The number of Americans filing new unemployment claims rose slightly last week.
The U.S. Department of Labor announced today that the number of applications for government unemployment benefits rose by a seasonally adjusted 4,000 to 212,000 for the week ending February 21.
Trade tariff uncertainty
Last week included President’s Day, which may have affected the data. But the level of applications indicates continued stabilization in the labor market after a slump last year due to uncertainty due to widespread tariffs imposed by President Donald Trump.
Last Friday, the U.S. Supreme Court struck down tariffs imposed by President Trump under a law that declared it a national emergency.
President Trump immediately imposed 10% tariffs worldwide for 150 days to replace some of the canceled tariffs, then raised those tariffs to 15% earlier in the week.
