Key facts
- U.S. jobless claims fell to 215,000 for the week ending June 27.
- Jobless claims were down from the previous week.
- The jobless claims figure was below analyst forecasts.
- Layoffs remain at historically healthy levels.
- Employers pulled back on hiring in June.
In the week ending June 27, U.S. applications for jobless aid fell to 215,000. This figure represents a decrease from the previous week's total and fell below the expectations of market analysts. The data suggests that layoffs are remaining at historically healthy levels. However, a separate trend indicates that employers scaled back their hiring efforts throughout the month of June. This presents a nuanced picture of the labor market, where the rate of people losing their jobs remains low, but the pace at which new jobs are being created has decelerated.