WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite four-decade high inflation and a myriad of other economic pressures.
Applications for jobless aid for the week ending June 18 fell to 229,000, a decline of 2,000 from the previous week, the Labor Department reported Thursday. First-time applications generally mirror the number of layoffs.
The four-week average for claims, which smooths out some of the week-to-week volatility, rose by 4,500 from the previous week to 223,500.
The total number of Americans collecting jobless benefits for the week ending June 11 was 1,315,000, up by 5,000 from the previous week. That figure has hovered near 50-year lows for months.
Much of the recent job security and wage gains that Americans have enjoyed recently have been offset by inflation levels not seen in four decades.