US Applications for Jobless Benefits Fall Again as Labor Market Continues to Defy the Fed Actions

US Applications for Jobless Benefits Fall Again as Labor Market Continues to Defy the Fed Actions
A help-wanted sign hangs in the front window of the Bar Harbor Tea Room, in Bar Harbor, Maine on June 11, 2022. Robert F. Bukaty/AP Photo
The Associated Press
Updated:
0:00

The number of Americans applying for jobless benefits fell again last week as the labor market continues defy the Federal Reserve’s attempt to cool it through higher interest rates.

U.S. applications for jobless claims fell by 12,000 to 237,000 for the week ending July 8, from 249,000 previous week, the Labor Department reported Thursday.