Braking Down The News

U.S. Jobless Claims Fall to Lowest Level in Two Months

Initial claims, a proxy for layoffs, dropped to 232,000 last week in tight labor market


U.S. workers’ filings for unemployment benefits dropped last week to the lowest level in two months, suggesting employers are clinging to their workers in a tight job market.

Initial jobless claims, a proxy for layoffs, decreased to a seasonally adjusted 232,000 last week from a revised 237,000 the previous week, the Labor Department said Thursday.


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