Jobs
US Jobless Claims Tumbled Last Week After Fraud-Inflated Jump
- Reversal in Massachusetts helped spur biggest drop since 2021
- Continuing claims edge down in sign of labor-market resilience
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Applications for US unemployment benefits fell by the most since 2021 after fraudulent claims in at least one state boosted the numbers in previous weeks.
Initial unemployment claims fell by 22,000 to 242,000 in the week ended May 13, Labor Department data showed Thursday. On an unadjusted basis, claims decreased by the most in two months, to 215,810, largely due to a drop in Massachusetts.