Jobless Claims in U.S. Decline to Lowest Level in Five Weeks
Job seekers wait in line to speak with representatives during a Choice Career Fair in Los Angeles, California, U.S., on Wednesday, June 22, 2016. The U.S. Department of Labor is scheduled to release initial jobless claims figures on June 23.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
The number of Americans filing applications for unemployment benefits fell to the lowest level in five weeks, another sign of endurance in the labor market.
Jobless claims dropped by 1,000 to 261,000 in the week ended Aug. 20, a report from the Labor Department showed on Thursday. The median forecast in a Bloomberg survey of economists was for 265,000.