Claims for US jobless benefits fall by 10,000 to 245,000
WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as most U.S. workers continue to enjoy job security.
The job market is healthy, though hiring has slowed recently — partly because employers can't find workers when the unemployment rate is at a 16-year low 4.3 percent.
"Claims remain low, consistent with the trend in employment growth remaining more than strong enough to keep the unemployment rate trending down," Jim O'Sullivan, chief U.S. economist at High Frequency Economics, said in a research note.