Quartz·1 min read·easy
Initial jobless claims fell to 187,000 last week, the lowest level this year
✦AI Summary
Initial jobless claims in the U.S. dropped to 187,000 last week, marking the lowest level recorded this year. This significant decline suggests a tightening labor market as the four-week average also trends downward.
The 22,000-claim drop from the prior week was the largest single-week decline in months, pushing the 4-week average down to 207,500
economybusiness
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