U.S. jobless claims drop to 50-year low as labor market stays stubbornly tight

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Source: PBS
U.S. jobless claims drop to 50-year low as labor market stays stubbornly tight
Photo: PBS
TL;DR Summary

Unemployment benefits applications fell to 189,000 for the week ending April 25, the lowest in more than five decades and well below forecasts, with the four-week moving average at 207,500 and continuing claims at 1.79 million, signaling a resilient labor market even as inflation and energy costs rise amid the Iran conflict.

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