Source: US News & World Report
“Fewer Americans applied for unemployment benefits last week as the labor market continues to hold up despite higher interest rates imposed by the Federal Reserve in its bid to curb inflation. The Labor Department reported Thursday that unemployment claims for the week ending April 20 fell by 5,000 to 207,000 from 212,000 the previous week. That’s the fewest since mid-February. The four-week average of claims, which smooths out some of the weekly up-and-downs, ticked down by 1,250 to 213,250.” (04/25/24)