Weekly Jobless Claims Drop Below Pre-Pandemic Levels in Sign of Continued Labor Market Tightness
The number of weekly jobless filings—a proxy for layoffs—dropped by 8,000 from the prior week to below pre-pandemic levels, delivering a fresh sign of continued tightening in the U.S. jobs market. First-time filings for unemployment insurance fell to 198,000 for the week ending Dec. 25, the Labor Department said in a report (pdf). The four-week […]