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U.S. Jobless Claims Edged Down Last Week
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U.S. applications for unemployment benefits declined slightly last week to their lowest level since April 2022, showing the labor market broadly remains tight as several companies announce job cuts.
Initial jobless claims, a proxy for layoffs, fell by 3,000 to a seasonally adjusted 183,000 last week, the Labor Department said Thursday. The four-week moving average of weekly claims, which smooths out volatility, fell to 191,750. In 2019, when the labor market was also tight, claims averaged about 220,000 a week.
Read more on wsj.comAbout this in other media
Jobless Claims Remained Nearly Steady Last Week wsj.com /1 year ago
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
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