Business

US Jobless Claims Fall to Lowest Level in 7 Weeks

Meanwhile, recurring jobless claims—at the highest level in nearly four years—keep rising.
US Jobless Claims Fall to Lowest Level in 7 Weeks
A hiring sign at a coffee shop in Greensboro, N.C., on Sept. 19, 2024. Madalina Vasiliu/The Epoch Times
Andrew Moran
|Updated:
0:00

The number of Americans filing for first-time unemployment benefits declined for the fourth straight week, in a sign that the U.S. labor market remains resilient.

According to the Department of Labor, initial jobless claims fell by 5,000 to 227,000 for the week ending July 5, the lowest since the middle of May.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."