Jobs
US Jobless Claims Drop After Brief Spike During Spring Recess
This article is for subscribers only.
Applications for US unemployment benefits fell back last week to levels consistent with a stable labor market following a short-term spike coinciding with spring recess and the Easter holiday at the end of April.
Initial claims decreased by 13,000 to 228,000 in the week ended May 3. That was roughly in line with the median forecast in a Bloomberg survey of economists.