Applications for unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market.
Applications for unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market.
Jobless claims fell by 13,000 to 198,000 for the week ending Oct. 14, the Labor Department reported. That’s the fewest since January and about 14,000 fewer than analysts expected.
