U.S. Jobless Claims Plunge

Last week's 187,000 initial applications for unemployment benefits reflect the lowest level for that metric since September 2022.

By Jarrell Dillard | January 18, 2024 at 10:11 AM

Photo: A job seeker enters a Veteran Employment and Resource Fair in Long Beach, California, on January 9, 2024.

Initial applications for unemployment benefits in the United States unexpectedly dropped last week to the lowest level in more than a year, underscoring the resilience of the labor market to start the year.

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