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Fewer Americans file for jobless claims as US labor market continues to defy elevated interest rates

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The number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates.

A hiring sign is displayed at a restaurant in Mount Prospect, Ill., Tuesday, Aug. 27, 2024.

Weekly filings for unemployment benefits, which are considered a proxy for layoffs, remain low by historic standards. They have ticked up in recent months though.

 

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Fewer Americans file for jobless claims as US labor market continues to defy elevated interest ratesThe number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates. Jobless claims ticked down by 2,000 to 231,000 for the week of Aug. 24, the Labor Department reported Thursday. That’s just below the 232,000 new filings analysts were expecting.
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