WASHINGTON—The U.S. job market remains healthy as fewer Americans applied for unemployment benefits last week, despite the Federal Reserve’s rapid interest rate hikes this year intended to bring down inflation and tighten the labor market.
Applications for jobless claims for the week ending Nov. 12 fell by 4,000–222,000 from 226,000 the previous week, the Labor Department reported Thursday. The four-week moving average rose by 2,000–221,000.
