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US Jobless Claims Post Biggest Back-to-Back Drop Since September
Initial applications for US unemployment benefits fell last week, remaining subdued as both demand for workers and layoffs ease. First-time claims decreased by 8,000 to 215,000 in the week ended May 18 after a similar drop in the prior period, marking the biggest back-to-back decline since September, according to Labor Department data released Thursday. The median forecast in a Bloomberg survey of economists called for 220,000. Continuing claims, a proxy for the number of people receiving unemployment benefits, were little changed at 1.79 million in the week ended May 11. Job cuts have slowed recently, and over the ... (full story)
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- Posted: May 23, 2024 11:35am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,432
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