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MNI BRIEF: US Jobless Claims Below 300K, Fresh Post-Covid Low

(MNI) Washington

U.S. jobless claims fell steadily to 293,000 in the latest week, the Department of Labor said Thursday, a sign of an improving labor market that is likely to allow Federal Reserve officials to start paring back their bond buys as early as next month.

Many employers have blamed a recent slowdown in hiring on persistent labor shortages, although MNI's reporting indicates rising worker bargaining power is also behind a softening of employment gains over the last two months.

MNI Washington Bureau | +1 202 371 2121 |
MNI Washington Bureau | +1 202 371 2121 |

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