Labor Dept. Says Fewer Americans Filing For Jobless Aid
WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite myriad economic pressures, including four-decade high inflation.
Applications for jobless aid for the week ending June 18 fell to 229,000, a decline of 2,000 from the previous week, the Labor Department reported Thursday.
First-time applications generally mirror the number of layoffs.
The four-week average for claims rose by 4,500 from the previous week, to 223,500.
The total number of Americans collecting jobless benefits for the week ending June 11 was 1,315,000.
That figure has hovered near 50-year lows for months.