Jobless applications fall again despite Fed push on rates
Applications for jobless aid in the U.S. for the week ending Feb. 11 fell by 1,000 last week to 194,000, from 195,000 the previous week, the Labor Department reported Thursday. It’s the fifth straight week claims were under 200,000.The four-week moving average of claims, which smooths out some of the weekly ups and downs, rose by 500 to 189,500. It’s the fourth straight week that the four-week moving average has been below 200,000.
About 1.7 million people were receiving jobless aid the week that ended Feb. 4, an increase of 16,000 from the week before.
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Weekly jobless applications fall again despite Fed rate pushFewer Americans filed for jobless benefits despite efforts by the Federal Reserve to raise interest rates. Applications for jobless aid for the week ending Feb. 11 fell by 1,000 last week to 194,000, from 195,000 the prior week, the Labor Department said.
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