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Fewer Americans apply for jobless benefits as labor market keeps humming along (abcnews.go.com)

submitted 2 years ago by mike591@kbin.social to c/news@kbin.social

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Applications for unemployment benefits fell again last week as America’s labor market continues to hum along despite attempts by the Federal Reserve to cool the economy and bring down inflation that’s still higher than optimal

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[–] rikonium@discuss.tchncs.de 3 points 2 years ago (1 children)

Article says the four week average is still up so not sure how newsworthy a single week drop is.

[–] projectazar 1 points 2 years ago

Up, I think, is a bit of an overstatment. Here's the US Dep't of Labor statistics, updated as of July: https://www.bls.gov/news.release/pdf/empsit.pdf. The trend is pretty aggressively down over the last few months.