US Initial Jobless Claims Declined to 220,000 Last Week
Attendees wait in line to enter the City Career Fair hiring event in Sacramento.
Photographer: David Paul Morris/BloombergApplications for US unemployment benefits fell last week to 220,000, indicating that employers are largely still holding onto current workers despite economic uncertainty.
Initial claims decreased by 8,000 in the week ended Nov. 15. The median forecast in a Bloomberg survey of economists called for 227,000 applications.