US Unemployment Claims Fall Amid Resilient Labor Market – RVBusiness – Breaking RV Industry News
Fewer Americans filed for jobless claims last week as the labor market continues to show resilience in the face of elevated interest rates intended to cool economic growth in the U.S., according to an Associated Press report.
Applications for unemployment benefits fell by 8,000 to 212,000 for the week ending Feb. 10, the Labor Department reported Thursday.
The four-week average of claims, which quiets some of the week-to-week noise, rose by 5,750 to 218,500, up from 212,750 the previous week.
Weekly unemployment claims are seen as a proxy for the number of U.S. layoffs in a given week. They have remained at extraordinarily low levels despite efforts by the U.S. Federal Reserve to cool the economy.
Click here to read the full Associated Press report.
