U.S. Jobless Claims Fall to 238,000 from 10-month High – RVBusiness – Breaking RV Industry News
WASHINGTON — The number of Americans applying for unemployment benefits slipped last week as the U.S. labor market remained resilient, according to an Associated Press report.
The Labor Department reported Thursday that jobless claims fell by 5,000 to 238,000 from a 10-month high 243,000 the week before. The four-week average of claims, which evens out weekly ups and downs, rose by 5,500 to 232,750, highest since September.
Weekly unemployment claims — a proxy for layoffs — remain at low levels by historical standards, a sign that most Americans enjoy unusual job security.
Nearly 1.83 million people were collecting unemployment benefits the week of June 8, up by 15,000 the week before.
The U.S. economy and job market have proven remarkably resilient in the face of high interest rates. Employers are adding a strong average of 248,000 jobs a month this year. Unemployment is still low at 4%.
Click here to read the full Associated Press report.
