Associated Press

"Weekly US Jobless Claims fall to 189K, Lowest in More than 5 Decades

WASHINGTON (AP) — The number of Americans filing for unemployment benefits tumbled to their lowest level more than 50 years last week despite a number of economic headwinds including the war in Iran.

U.S. jobless aid applications for the week ending April 25 fell by 26,000 to 189,000, down from the previous week’s 215,000, the Labor Department reported Thursday. That’s well below the 214,000 new applications analysts surveyed by the data firm FactSet were expecting.

Filings for unemployment benefits are considered a proxy for U.S. layoffs and are close to a real-time indicator of the health of the job market."

Much more at link:
https://apnews.com/article/unemployment-benefits-jobless-claims-layoffs-labor-0b3696c38edd9a0eafc5fa7d438c9108