US Jobless Claims Decline, Reinforcing Strength in Labor Market

US Jobless Claims Decline, Reinforcing Strength in Labor Market

The U.S. labor market is not signaling any signs of wider layoffs as the number of Americans filing for new applications for unemployment benefits declined last week, government data show. According to new figures from the Department of Labor, released on May 8, initial jobless claims fell by 13,000 to 228,000 for the week ending May 3. This came in below the consensus forecast of 230,000. For the second consecutive week, the largest increases i…

US Applications for Jobless Benefits Fall Last Week – tEDmag

Despite showing some signs of weakening during the past year, the labor market remains robust with plentiful jobs and relatively few layoffs.

The number of Americans filing for unemployment benefits for the first time has surprisingly fallen

US weekly jobless claims fall more than expected

Initial claims for state unemployment benefits dropped 13,000 to a seasonally adjusted 228,000 for the week ended May 3