US Jobless Claims Fall More Than Forecast in Tight Labor Market

Posted on AllSides May 26th, 2022
From The Left

Applications for US unemployment insurance declined last week by more than forecast, underscoring a persistently tight labor market.

Initial unemployment claims decreased by 8,000 to 210,000 in the week ended May 21, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for a drop to 215,000.

Continuing claims for state benefits rose to 1.35 million in the week ended May 14.

Initial claims remain at a historically low level, pointing to a strong labor market with few dismissals. That said, the Federal Reserve has...

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