Jobless claims fall in sign layoffs are still rare

By Zach Halaschak

Published May 18, 2023 12:31pm ET

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Jobless claims fall in sign layoffs are still rare — 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 unexpectedly dropped by 22,000 to 242,000 last week, the Labor Department reported Thursday.

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