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

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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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