US jobless benefit claims fall last week as labor market remains strong despite recession fears

WASHINGTON – U.S. applications for jobless benefits fell again past week arsenic the labour marketplace continues to clasp up contempt fears of a tariff-induced recession.

Jobless assertion applications fell by 9,000 to 215,000 for the week ending April 12, the Labor Department said Thursday. That’s good beneath the 225,000 caller applications analysts forecast.

Weekly applications for jobless benefits are considered a proxy for layoffs, and person mostly stayed betwixt 200,000 and 250,000 for the past fewer years.

The four-week mean of applications, which tin soften immoderate of the week-to-week swings, fell by 2,500 to 220,750.

The full fig of Americans receiving unemployment benefits for the week of April 5 jumped by 41,000 to 1.89 million.

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