US Jobless Claims Inch Down as Labor Market Remains Tight

US Jobless Claims Inch Down as Labor Market Remains Tight
A hiring sign is displayed at a restaurant in Mount Prospect, Ill., on March 19, 2023. Nam Y. Huh/AP Photo
The Associated Press
Updated:
0:00

The labor market continues to defy Federal Reserve attempts to cool hiring, with U.S. applications for unemployment benefits down again last week and remaining at historically low levels.

Jobless claims in the U.S. for the week ending March 18 fell by 1,000 to 191,000 from the previous week, the Labor Department said Thursday.