Tag: labor market

Applications for US unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market.Jobless claim applications fell by 13,000 to 198,000 for the week ending Oct. 14, the Labor Department reported Thursday. That's the fewest since January and about 14,000 fewer than analysts expected. Jobless claim applications are considered a proxy for layoffs. Despite the low level of weekly first-time jobless benefit applications, the number of Americans remaining on...