Jobs
US Jobless Claims Decline in Sign of Resilient Labor Market
- Applications fell by 11,000 last week, most since early July
- Initial claims decreased in California, Texas and Michigan
This article is for subscribers only.
Applications for unemployment benefits fell by the most in five weeks, suggesting the resilient economy is making employers reluctant to reduce headcount.
Initial claims decreased by 11,000 to 239,000 in the week ended Aug. 12, according to Labor Department data out Thursday. The figure was in line with the median estimate in a Bloomberg survey of economists.