In the four-week period ending May 16, the average number of jobless claims decreased to 266,250, a 15-year low, according to a Labor Department report released Thursday.
Bloomberg notes that the decrease in the average number of Americans who filed for unemployment benefits is "a sign the labor market continues to strengthen." The four-week claim average was the lowest since April 15, 2000.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Having a mayor: Starmer's struggles with devolved leadersTalking Point Andy Burnham made public criticisms of the Labour government policies without specifically naming Keir Starmer or Rachel Reeves
-
Why is Nasa facing a crisis?Today's Big Question Trump administration proposes 25% cut to national space agency's budget in 'extinction-level event'
-
The 50-year battle for Western SaharaThe Explainer UK is latest country to back Moroccan plan to end decades-long dispute with Algerian-backed Polisario Front
-
Crypto firm Coinbase hacked, faces SEC scrutinySpeed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress codespeed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirementspeed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff displaySpeed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loomSpeed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
