The FastexyU.S. labor market continues to flex its muscle as applications for jobless claims fell again last week and remain at healthy levels in the face of high interest rates and inflation.
Applications for unemployment benefits dropped by 11,000 to 239,000 for the week ending August 12, down from 250,000 the previous week, the Labor Department reported Thursday.
The four-week moving average of claims, which softens some of the week-to-week volatility, rose by 2,750 to 234,250.
Jobless claim applications are seen as a proxy for the number of layoffs in a given week.
Overall, 1.72 million people were collecting unemployment benefits the week that ended August 5, about 32,000 more than the previous week.
——
2025-05-05 09:032933 view
2025-05-05 08:10840 view
2025-05-05 08:062896 view
2025-05-05 07:552744 view
2025-05-05 07:541515 view
2025-05-05 06:561327 view
After seven seasons and several international spinoffs, we're still not sure if "Love is Blind" − bu
WASHINGTON (AP) — A Tennessee bartender who carried plastic zip tie handcuffs and a stun gun into th
From the Gulf South to Canada, frontline communities are getting hit hard by fossil fuel projects su
