US applications for unemployment benefits hold steady, remain in recent healthy range
US applications for unemployment benefits hold steady, remain in recent healthy range
By MATT OTT, Associated Press Business Writer
U.S. applications for unemployment benefits held steady last week, a sign that the labor market remains healthy as companies continue to retain their employees.
Jobless claims filings ticked down by 1,000 to 224,000 for the week ending March 22, the Labor Department said Thursday. That’s mostly in line with the 225,000 new applications analysts forecast.
Weekly applications for jobless benefits are considered a proxy for layoffs, and have remained mostly in a range between 200,000 and 250,000 for the past few years.
The four-week average, which evens out some of the week-to-week swings, fell by 4,750 to 224,000.
The total number of Americans receiving unemployment benefits for the week of March 15 declined by 25,000 to 1.86 million.
With Beyoncé's Grammy Wins, Black Women in Country Are Finally Getting Their Due
February 17, 2025
Bad Bunny's "Debí Tirar Más Fotos" Tells Puerto Rico's History
February 17, 2025
Comments 0