ABD İşsizlik Başvuruları Dört Haftadır Düşük Seviyede Kalıyor: İstihdam Piyasasında Keskin Bir Daralma Yok

Kısaca

ABD'de işsizlik başvuruları 197.000 olarak açıklandı; dört hafta üst üste düşük seviye hükümet rakamları, tarife ve Orta Doğu geriliminin etkisine rağmen istihdam piyasasında durgunluk olmadığını gösteriyor analistler, zayıf işe alımın yılın son çeyreğinde iş arayanlar için baskıyı nasıl değiştireceğini izleyecekler; politikalar ve verimlilik yakından izlenecek

Ana mesele

ABD işsizlik başvuruları yaklaşık 197.000 ile düşük seviyede kaldı.

Ne değişti?

İstihdam artışı zayıf kaldı; iş gücü piyasasında görünür bir ivme yok.

Beni nasıl etkiler?

Okuyucuya etkisi: iş arayanlar için fırsatlar sınırlı; iş gücü piyasasında belirsizlik bulunabilir.

Ne oldu?

ABD Çalışma Bakanlığı, dönem sonunda işsizlik maaşı başvurularının sezonel olarak düzeltilmiş 197.000 olduğunu bildirdi.

Neden şimdi?

Başvuruların dört hafta üst üste düşük kalması, tarife riskleri ve bölgesel belirsizliklere rağmen istihdam piyasasının kırılmadan kaldığını işaret ediyor.

Neden önemli?

İş gücü piyasasında istikrar, tüketici harcamaları ve yatırım kararları için kritik; ekonominin büyüme ivmesi üzerinde etkili olabilir.

Kimler etkileniyor?

• İş arayanlar
• İş gücü piyasasında istihdamı etkileyen sektör çalışanları
• Yatırımcılar

Sektör ve piyasa etkisi

İstihdamdaki göreceli denge, tüketici güveni ve hisse piyasası performansını destekleyebilir

Riskler

• Olası piyasa dalgalanmaları
• Enerji ve emtia fiyatlarındaki belirsizlikler

Takip edilmesi gerekenler

• İstihdam verilerinin önümüzdeki hafta ve ay içindeki değişimi
• Şirketlerin ücret politikaları ve taşeronluk stratejileri
• Tarife ve jeopolitik gelişmelerin arz yönlü etkileri

Haberin tamamı

The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued labor market stability despite a sharp slowdown in job growth in September.Weekly jobless claims have now remained near 57-year lows for four straight weeks, the report from the Labor Department showed on Thursday, amid historically low layoffs.Though employers are hoarding workers against the backdrop of strong profit growth and stock market performance, they have remained hesitant to add to headcount, making it harder for those who lose their jobs to find new opportunities.

Economists have blamed that trend on uncertainty, first from tariffs and then the US-Israeli war with Iran, which has pushed up diesel prices to record highs and boosted prices for other commodities. It's still a 'low-hire, low-fire' job market, said Heather Long, chief economist at Navy Federal Credit Union. That's great for anyone who has a job and wants to keep it, but it's tough for job seekers.

Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 197,000 for the week ended October 3, the Labor Department said. Economists polled by Reuters had forecast 200,000 claims for the latest week.Claims have held below the 200,000 mark since the second week of September.

California and Illinois were the only states to report an increase in unadjusted applications in excess of 1,000.The four-week moving average of claims, viewed as a better gauge of labor market trends as it irons out week-to-week volatility, fell 2,500 to 198,000 last week, the lowest level since early October 2022.TEPID JOB GROWTHNonfarm payrolls increased by a paltry 29,000 jobs in September, the government reported last week.

Economists say tepid hiring and a shrinking labor pool amid retirements and an immigration crackdown are holding back job growth, leaving low layoffs to anchor the labor market.Minutes of the Federal Reserve's September 15-16 policy meeting, published on Wednesday, showed officials judged that labor market conditions were stable and generally viewed the labor market as close to maximum employment.

The minutes also noted that policymakers generally viewed the upside and downside risks to the labor market as broadly balanced.

The US central bank last month raised its overnight benchmark interest rate by 25 basis points to the 3.75%-4.00% range, the first hike in three years, and flagged further increases in borrowing costs in the months ahead.The odds of another rate hike this month were diminished by the underwhelming payroll gains in September as well as cooler-than-expected inflation readings for July and August.

Economists expect the Fed to raise rates in December.The claims report showed the number of people receiving unemployment benefits after an initial week of aid, a proxy for hiring, increased 17,000 to a seasonally adjusted 1.716 million during the week ended September 26.

The so-called continued claims had dropped to a 3-1/2-year low in the prior week.Some economists argued that the still-low level of continued claims was masking a gradual labor market weakening as a group of unemployed people, including recent college graduates, was ineligible for benefits because of limited or no work history.Some long-term unemployed people may have exhausted their eligibility, which is limited to 26 weeks in most states.

The median duration of unemployment was 11.5 weeks in September, near a 4-1/2-year high. The unemployment rate was at 4.2% last month. An ongoing rise in unemployment among new entrants and re-entrants to the labor market, amid weak hiring, will put some further gentle upward pressure on the unemployment rate over the next few quarters, said Samuel Tombs, chief US economist at Pantheon Macroeconomics.

Kaynaklar

• Economic Times - Markets