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Applications for US jobless benefits fall again as labor market powers on
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A "Help Wanted" sign is displayed at a restaurant in Buffalo Grove, Ill., Thursday, Jan. 18, 2024. On Thursday, Feb. 22, 2024, the Labor Department reports on the number of people who applied for unemployment benefits last week. - photo by AP Photo/Nam Y. Huh
The number of Americans applying for jobless benefits fell to its lowest level in five weeks, even as more high-profile companies announce layoffs. Applications for unemployment benefits fell by 12,000 to 201,000 for the week ending Feb. 17, the Labor Department reported Thursday. The four-week average of claims, a less volatile measure, fell by 3,500 to 215,250, down from 218,750 the previous week.