Weekly Unemployment Claims Ease From 4-month High

‘Despite a strong payroll report in May, this is still a low-hire, low-fire market,’ Indeed Hiring Lab economists said.

A now hiring sign during Black Friday at a mall in Hanover, Md., on Nov. 29, 2024. Madalina Vasiliu/The Epoch Times

The number of Americans filing applications for unemployment benefits eased from last week’s four-month high as the job market continues to hold steady.

Initial jobless claims fell by 4,000 to 226,000 for the week ending June 13, according to new Department of Labor data released on June 18. The previous week’s reading was revised up to 230,000.