finance
U.S. Jobless Claims Fall to 209,000 for Week Ending May 16
Applications for unemployment benefits declined last week. The Labor Department reported the figure came in below analyst forecasts.
May 21, 9:20 AM·1m read1 source
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U.S. applications for unemployment benefits fell to 209,000 for the week ending May 16, the Labor Department reported Thursday. The total was 3,000 lower than the previous week and below the 213,000 applications that analysts surveyed by FactSet had forecast.
The four-week moving average of jobless claims declined by 1,500 to 202,500. 78 million. Weekly filings are viewed as a near real-time indicator of layoffs and overall labor market conditions.
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