U.S. Jobless Claims Fell Last Week
Applications for unemployment benefits have declined since August as the labor market remains strong
U.S. applications for unemployment benefits declined for the fifth consecutive week as employers held on to their workers in a persistently tight labor market.
Initial jobless claims, a proxy for layoffs, fell to a seasonally adjusted 213,000 last week from a revised 218,000 the previous week, the Labor Department said Thursday. Claims have declined since August after rising earlier in the summer.