Fewer Americans filed for unemployment benefits last week as the labor market continues to motor along despite decades high inflation.
What You Need To Know
- Fewer Americans filed for unemployment benefits last week as the labor market remains continues to remain strong despite decades high inflation
- Applications for jobless aid for the week ending Sept. 3 fell to 222,000, down 6,000 from the previous week, the Labor Department reported Thursday
- The four-week average for claims, which smooths out some of the weekly ups and downs, declined by 7,500 to 233,000
- Hiring in the U.S. in 2022 has been remarkably strong even as the country faces rising interest rates and weak economic growth
Applications for jobless aid for the week ending Sept. 3 fell to 222,000, down 6,000 from the previous week, the Labor Department reported Thursday. First-time applications generally reflect layoffs.
The four-week average for claims, which…
