U.S. Jobless Claims Ticked Down Last Week

Posted on AllSides March 2nd, 2023
From The Center
Economy and Jobs, unemployment

U.S. applications for unemployment benefits edged lower last week, reflecting a persistently tight labor market.

Initial jobless claims, a proxy for layoffs, decreased by 2,000 to a seasonally adjusted 190,000 last week, the Labor Department said Thursday. Weekly claims have remained below the 2019 prepandemic average of about 220,000 since the start of the year.

The four-week moving average of weekly claims, which smooths out volatility, rose slightly to 193,000.

Jobless claims have remained at low levels for several months despite large employers in technology, finance and other industries laying...

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