Applications for jobless aid for the week ending June 18 fell to 229,000, a decline of 2,000 from the previous week, the Labor Department reported.
FILE - Hiring sign is displayed outside of a retail store in Vernon Hills, Ill., on Nov. 13, 2021. Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment at historically low levels. Applications for unemployment benefits fell by 11,000 to 200,000 for the week ending May 28, the Labor Department reported Thursday, June 2, 2022. First-time applications generally track the number of layoffs.
The four-week average for claims, which smooths out some of the week-to-week volatility, rose by 4,500 from the previous week, to 223,500. Much of the recent job security and wage gains that Americans have enjoyed recently has been offset by inflation levels not seen in four decades. Jobless claims applications the past few weeks, though still relatively low, have been the highest since the first weeks of 2022.
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