Jobs
US Unemployment Claims Drop for Fourth Time in Five Weeks
- Applications fell to 183,000 last week, lowest since April
- Continuing claims, four-week moving average also declined
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Applications for US unemployment benefits fell for the fourth time in five weeks, underscoring the broad resilience of the job market that threatens to keep inflation elevated.
Initial unemployment claims ticked down by 3,000 to 183,000 in the week ended Jan. 28, the lowest since April, Labor Department data showed Thursday. The median forecast in a Bloomberg survey of economists called for 195,000 applications.