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The number of Americans applying for unemployment benefits fell last week as layoffs remained historically low despite the Federal Reserve’s efforts to loosen the labor market.
Jobless claims for the week ending May 18 fell by 8,000 to 215,000, down from 223,000 the week before, the Labor Department reported Thursday.
The four-week average of claims, which softens some of the week-to-week volatility, rose a modest 1,750 to 219,750.
Weekly unemployment claims are considered a proxy for the number of U.
