Jobless Claims Dropped Again Last Week, Giving Another Greenlight for Aggressive Fed Action on Rates

Job seekers line up outside the New Hampshire Works employment security job center in Manchester, N.H., on May 10, 2021. Mary Schwalm/AP Photo

The number of Americans filing jobless claims dropped again last week, as employers continue to seek new workers.

This latest reading may serve as a further data point for the Federal Reserve to pursue its aggressive rate-hike policy, which will likely have a negative effect on hiring.