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Jobless Claims Fall, Pointing to Still-Tight Labor Market
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Jobless claims declined last week, suggesting the overall labor market remains tight as several large employers announce job cuts.
Initial jobless claims, a proxy for layoffs, fell by 6,000 to a seasonally adjusted 186,000 last week, the Labor Department said Thursday. The four-week moving average of weekly claims, which smooths out volatility, was 197,500. Claims are up from lows reached early in 2022, but have remained near prepandemic levels. In 2019, claims averaged about 220,000 a week.
Read more on wsj.comAbout this in other media
U.S. Jobless Claims Climbed Last Week but Remain Historically Low wsj.com /1 year ago
U.S. Jobless Claims Climbed Last Week but Remain Historically Low wsj.com /1 year ago
U.S. Business Owners Pay Premium to Hire Migrant Workers in Extremely Tight Labor Market wsj.com /1 year ago
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