Wednesday, March 29, 2023

US jobless claims inch down as labor market remains tight

US jobless claims inch down as labor market remains tight

The labor market continues to defy Federal Reserve attempts to cool hiring, with U.S. applications for unemployment benefits down again last week and remaining at historically low levels. Jobless claims in the U.S. for the week ending March 18 fell by 1,000 to 191,000 from the previous week, the Labor Department said Thursday. On Wednesday, the Federal Reserve…

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