Economy

Jobless claims are running at the lowest level in nearly a half century

By Joseph Lawler
Published May 17, 2018 12:31pm ET
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Jobless claims are running at the lowest level in nearly a half century
Job seekers chat during the Opportunity Fair and Forum employment event in Dallas. On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits a week earlier. | (AP Photo/LM Otero, File)

New applications for unemployment benefits rose by 11,000 to 222,000 in mid-May, the Department of Labor reported Thursday.

Forecasters had expected a slight uptick in new jobless claims, after the numbers scraped the lowest levels in nearly half a century in recent weeks.

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Jobs Labor Unemployment