Fewer people applied for unemployment benefits last week, but the drop wasn’t enough to reverse a big increase the previous week. Applications for jobless benefits fell by 23,000 to a seasonally adjusted 452,000, the Labor Department says. But the decline was essentially offset by a surprisingly sharp upward revision to the previous week’s claims. First-time claims remain stuck at levels that indicate companies are not hiring many workers, though they are not cutting many jobs either.
U.S. jobless claims drop, but not enough to offset increase
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.
