Unemployment Filings Drop in Fresh Sign of Tight Labor Market and Persistent Inflation Pressures

Unemployment Filings Drop in Fresh Sign of Tight Labor Market and Persistent Inflation Pressures
People walk through a shopping mall in New York City, on Jan. 12, 2022. A recent Labor Department report shows retail sales have declined despite robust hiring in the job market. Spencer Platt/Getty Images
Bryan Jung
Updated:
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Unemployment filings in the United States dropped last week, as fewer Americans filed for unemployment benefits while the labor market remains tight and inflation pressures continue to persist.

Applications for jobless claims for the week ended Jan. 21 fell to 186,000 from 192,000 the previous week, the Department of Labor reported on Jan. 26.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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