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Initial Unemployment Claims in US Decline by Most Since June
Economics Jobs
Initial Unemployment Claims in US Decline by Most Since June
•Applications fell by 24,000 last week, Labor Department said
• Continuing claims decreased for the first time in two months
By Augusta Saraiva
November 22, 2023 at 8:34 AM EST
Updated on November 22, 2023 at 9:00 AM EST
Applications for initial US jobless benefits fell by the most since June, suggesting employers are still holding on to workers in a gradually cooling labor market.
Initial claims plunged by 24,000 to 209,000 in the week ending Nov. 18, according to Labor Department data out Wednesday. That was below all estimates in a Bloomberg survey of economists.
{snip}
Initial Unemployment Claims in US Decline by Most Since June
•Applications fell by 24,000 last week, Labor Department said
• Continuing claims decreased for the first time in two months
By Augusta Saraiva
November 22, 2023 at 8:34 AM EST
Updated on November 22, 2023 at 9:00 AM EST
Applications for initial US jobless benefits fell by the most since June, suggesting employers are still holding on to workers in a gradually cooling labor market.
Initial claims plunged by 24,000 to 209,000 in the week ending Nov. 18, according to Labor Department data out Wednesday. That was below all estimates in a Bloomberg survey of economists.
{snip}
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