Jobs
US Jobless Claims Drop by Most Since 2021 in Holiday Week
- Applications fell by 26,000 in week with Juneteenth holiday
- Four-week moving average steadily rising, highest since 2021
This article is for subscribers only.
US unemployment benefits applications fell last week by the most since October 2021 in a week that included the Juneteenth holiday.
Initial jobless claims decreased by 26,000 to 239,000 in the week ended June 24, according to the Labor Department’s Thursday report. The figure was lower than all estimates in a Bloomberg survey of economists.