Applications for jobless aid fell by 3,000 to 229,000 for the week ending June 11, down from the previous week's 232,000, the Labor Department reported.
Applications for jobless aid fell by 3,000 to 329,000 for the week ending June 11, the Labor Department reported Thursday, June 16. Applications for jobless aid fell by 3,000 to 229,000 for the week ending June 11, down from the previous week's 232,000, the Labor Department reported Thursday. First-time applications generally represent the number of layoffs.
The four-week average for claims, which evens out some of the week-to-week volatility, rose by 2,750 from the previous week, to 218,500. The total number of Americans collecting jobless benefits for the week ending June 4 was 1,312,000. That figure has hovered near 50-year lows for months. While Americans have enjoyed historically strong job security and higher wages recently, much of that has been offset by four-decade high inflation.