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Fewer Americans file for jobless claims as labor market continues to shrug off higher interest rates

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Labor News

General News,U.S. Department Of Labor,Snap Inc

Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it. The Labor Department reported Thursday that filings for unemployment claims for the week ending April 6 fell by 11,000 to 211,000 from the previous week’s 222,000.

A hiring sign beckons potential employees to apply for work inside a discount store Wednesday, April 3, 2024, in Centennial, Colo. On Thursday, April 11, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week. WASHINGTON — Fewer Americans applied for jobless benefits last week as the labor market continues to thrive despite the Federal Reserve’s efforts to cool it.

The four-week average of claims, which smooths out some of the week-to-week swings, fell by 250 to 214,250.

 

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