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Applications for US unemployment benefits dip to 210,000 in strong job market

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The number of Americans signing up for unemployment benefits fell slightly last week, another sign that the labor market remains strong and most workers enjoy extraordinary job security

A hiring sign is seen outside of a barber shop in Northbrook, Ill., Tuesday, March 12, 2024. On Thursday, March 28, 2024, the Labor Department issues the latest weekly report on first-time applications for unemployment benefits. .

Overall, 1.8 million Americans were collecting unemployment benefits the week that ended March 16, up 24,000 from the week before. Economists expect some tightening in the jobs market this year given the surprising growth of the U.S. economy last year and in 2024.

 

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