US applications for jobless benefits fall to 213,000, remaining near 7-month lows
By MATT OTT, Associated Press Business Writer
The number of Americans applying for unemployment benefits fell again last week, remaining near seven-month lows.
The Labor Department reported Thursday that jobless claim applications fell by 6,000 to 213,000 for the week of Nov. 16. That’s fewer than the 220,000 analysts forecast.
The four-week average of weekly claims, which quiets some of the weekly volatility, fell by 3,750 to 217,750.
Weekly applications for jobless benefits are considered a proxy for U.S. layoffs.
Continuing claims, the total number of Americans collecting jobless benefits, rose by 36,000 to 1.91 million for the week of Nov. 9. That was higher than expected and the most in three years.
More Stories
Ghosts on the grid: whatever happened to the sponsors that bankrolled Formula One’s golden age?
Stand at Becketts this weekend as the historic demonstration runs howl past and you could be forgiven for thinking the...
World Cup 2026: Air-conditioned stadiums v 39C heat, is this really a level playing field?
There is a phrase beloved of every business school lecturer, every venture capitalist and every man who has ever worn...
Sunak admits Covid bailouts were a mistake as he urges Britain to let failing firms go bust
Rishi Sunak has conceded that the multi-billion-pound business support schemes he designed as chancellor during the pandemic propped up companies...
Amazon’s Leo satellite network clears final hurdle for UK launch as Starlink rivalry intensifies
Amazon has passed the milestone it needed to switch on its long-awaited Leo satellite broadband service, deploying enough satellites to...
Piers Morgan’s Uncensored valued at $145m, five years after ITV showed him the door
Piers Morgan’s Uncensored has been valued at $145 million (around £108 million) by investors, just 18 months after the broadcaster...
Germany orders workers to see a doctor on day one of sickness in productivity crackdown
German employees will be required to visit a doctor in person and obtain a sick note on the first day...