{"id":10046,"date":"2026-05-28T13:01:51","date_gmt":"2026-05-28T13:01:51","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=10046"},"modified":"2026-05-28T13:01:51","modified_gmt":"2026-05-28T13:01:51","slug":"us-jobless-claims-rise-to-215000-but-remain-low-despite-iran-war-uncertainty","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=10046","title":{"rendered":"US jobless claims rise to 215,000 but remain low despite Iran war uncertainty"},"content":{"rendered":"<div>\n<p><strong>By PAUL WISEMAN, AP Economics Writer<\/strong><\/p>\n<p>WASHINGTON (AP) \u2014 More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the\u00a0Iran war.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=10044\">Could a recent bird sighted off San Clemente be a rare visitor?<\/a><\/p>\n<p>The Labor Department reported Thursday that jobless claims were up to 215,000, up from 210,000 the week before. The four-week moving average of claims, which smooths out week-to-week volatility, rose by nearly 6,300 to 209,000.<\/p>\n<p>The number of Americans signing up for unemployment benefits \u2014 a proxy for layoffs \u2014 has stabilized in a low range of mostly 200,000 to 250,000 a week since the U.S. economy emerged from a brief but nasty pandemic recession in 2020.<\/p>\n<p>The persistently low number of claims suggests that most U.S. companies have not resorted to layoffs. But even if they\u2019re not cutting jobs, employers haven\u2019t been adding many either. Last year, companies, nonprofits and government agencies added fewer than 10,000 jobs a month, weakest hiring outside recession years since 2002.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=10038\">US military strikes another alleged drug boat in the eastern Pacific, killing 2<\/a><\/p>\n<p>Job creation has picked up a bit so far this year \u2014 to an average of 76,000 a month from January through April. By contrast, they added 122,000 a month in 2024 and averaged nearly 400,000 a month from 2021 through 2023 as the economy roared back from COVID-19 lockdowns.<\/p>\n<p>But the United States now needs fewer jobs to keep the unemployment rate from rising.\u00a0President Donald Trump\u2019s\u00a0immigration crackdown and ongoing Baby Boomer retirements means that the monthly \u201cbreak-even rate\u2033 of monthly hiring may be as low as zero. And the\u00a0unemployment rate \u2014 4.3% in April \u2014 has, in fact, remained low\u00a0by historic standards.<\/p>\n<p>But the Iran war has clouded the economic outlook as higher energy prices squeeze consumers and businesses. Iran responded to U.S. and Israeli attacks by turning to economic warfare \u2014 closing the Strait of Hormuz, through which a fifth of the world\u2019s oil passes, and causing the biggest disruption of global oil supplies in history. In response, U.S. gasoline prices have surged to an average of $4.43 a gallon from an average $2.98 a gallon on the eve of the conflict, according to AAA.<\/p>\n<p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=10036\">Federal judge refuses to block Trump order to create federal voter list and limit mail voting<\/a><\/p>\n<div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>More Americans sought unemployment benefits last week, but layoffs remain low despite economic uncertainty caused by the Iran war.<\/p>\n","protected":false},"author":1,"featured_media":10045,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,2],"tags":[],"class_list":["post-10046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-based-on-facts","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>US jobless claims rise to 215,000 but remain low despite Iran war uncertainty - 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