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Higher March Jobless Claims Add to Signs of Cooling Labor Market
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Filings for unemployment benefits were higher than previously thought in recent weeks, in a sign of easing demand for workers as the labor market slowly cools.
Initial jobless claims, a proxy for layoffs, reached nearly 250,000 a week in mid-March, roughly 50,000 higher than previously reported, the Labor Department said Thursday. The change reflects revised calculations that strip out seasonal fluctuations in economic activity, the department added.
Read more on wsj.comAbout this in other media
Crosscurrents Hide a Rapidly Cooling Labor Market wsj.com /1 year ago
Crosscurrents Hide a Rapidly Cooling Labor Market wsj.com /1 year ago
Higher March Jobless Claims Add to Signs of Cooling Labor Market wsj.com /1 year ago
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