Jobless claims fell to 194,000, lowest since July, signaling labor market strength.
Context
What happened: U.S. unemployment claims fell to 194,000 last week, down from 200,000 the week before, the lowest level since July.
Key numbers: 194,000 claims last week; 200,000 prior week; four-week average 197,750; claims never topped 230,000 this year; unemployment rate 4.2%; 68,000 jobs added per
Why it matters: The report signals layoffs remain low and most workers have job security, even as higher energy prices have squeezed businesses and consumers since fighting with Iran began Feb. 28. Hiring has stayed sluggish, producing what the content calls a "low-hire, low-fire" job market.
Coverage: 3 outlets in 24h
What changed
U.S. unemployment claims fell to 194,000 last week, down from 200,000 the week before, the lowest level since July.
Why it matters
The report signals layoffs remain low and most workers have job security, even as higher energy prices have squeezed businesses and consumers since fighting with Iran began Feb. 28. Hiring has stayed sluggish, producing what the content calls a "low-hire, low-fire" job market.