Applications for US unemployment benefits dropped more than expected last week, with initial claims falling to 208,000 from a revised 216,000, according to data released Thursday by the US Department of Labor.
The four-week average also declined, while continuing claims eased to about 1.8 million. The data suggests employers are largely retaining workers despite broader economic uncertainty, reinforcing signs of a healthy labor market.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
