Your Money Minute Unemployment Claims Highest This Year 6/16/25
Jun 16, 2025
Explore the recent surge in unemployment claims, now at 248,000, marking the highest point in 2023. The discussion reveals signs of a slowing job market and what this means for future employment. Experts weigh in on the evolving landscape and its implications, making for an insightful examination of current economic trends.
AI Snips
Chapters
Transcript
Episode notes
Unemployment Claims Peak This Year
- Unemployment claims last week reached 248,000, the highest this year, nearing 250,000.
- This suggests the job market is showing signs of slowing, though not yet terrible.
Job Market Slowing but Not Bad
- Gary Cohn highlights concern about rising unemployment claims indicating a slowing job market.
- The market is weaker now, with fewer help-wanted signs and longer job searches, but not a bad economy.
Unemployment Back to Pre-Pandemic Levels
- Weekly unemployment claims averaged about 225,000 pre-pandemic and were generally lower since COVID.
- Recently, the number has climbed back up, reflecting a softening though not a serious downturn in jobs.