Business

Jobless claims fall in sign layoffs are rare despite Fed rate hikes

By Zach Halaschak
Published December 15, 2022 1:31pm ET
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Jobless claims fall in sign layoffs are rare despite Fed rate hikes
Applicants line up at a job fair at the Ocean Casino Resort in Atlantic City N.J., on April 11, 2022. Applications for jobless aid for the week ending July 9 rose by 9,000 to 244,000, up from the previous week's 235,000, the Labor Department reported Thursday, July 14, 2022. First-time applications generally reflect layoffs. Analysts had expected the number to remain flat from the previous week. | (Wayne Parry/AP)

The number of new applications for unemployment benefits dropped by 20,000 to 211,000 last week, the Labor Department reported Thursday.

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Federal Reserve Jobs Recession Unemployment