Fewer Americans filed unemployment claims last week after a previous spike that some took as a sign that higher interest rates were finally cooling the labor market. Applications for jobless claims for the week ending May 6 fell by to 242,000, a drop of 22,000 from the week before, the Labor Department reported this morning.
Fewer Americans apply for jobless benefits as labor market remains strong
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
