US jobless claims were edited lower last week

New jobless claims inched up last week, a sign that the labor market remains tight as the overall economy shows signs of slowing.

The Labor Department said on Thursday initial jobless claims, a proxy for layoffs, fell to a seasonally adjusted 231,000 last week from a revised 233,000 last week. . This is just above the 2019 pre-pandemic weekly average of 218,000, when the labor market was also very strong.

https://www.wsj.com/articles/u-s-jobless-claims-edged-lower-last-week-11656593630?mod=pls_whats_news_us_business_f US jobless claims were edited lower last week

Luke Plunkett

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