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. US jobless claims were edited lower last week

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