US filings for jobless aid lowest since April
Applications for jobless aid in the
Jobless claims generally serve as a proxy for layoffs, which have been relatively low since the pandemic wiped out millions of jobs in the spring of 2020.
The four-week moving average of claims, which flattens out some of the week-to-week volatility, declined by 5,750 to 191,750.
So far, the Fed's aggressive policy has pushed inflation down, but has had less impact on a resilient
On Wednesday, the government reported that
Last month's job report told a similar story:
Within the monthly jobs data, there is some evidence of slowing wage growth, another of the Fed's goals. Average hourly pay growth in December eased to its slowest pace in 16 months, which could reduce pressure on employers to raise prices to offset their higher labor costs.
Though the
About 1.66 million people were receiving jobless aid the week that ended
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