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https://www.wsj.com/articles/u-s-jobless-claims-ticked-down-last-week-a3655941

U.S. Jobless Claims Ticked Down Last Week

Applications for benefits remain historically low, pointing to a still strong labor market

With the Fed taking aim at the red-hot U.S. labor market in its efforts to cool inflation, WSJ’s Dion Rabouin explains how small businesses could be in trouble. Illustration: Elizabeth Smelov

Updated March 2, 2023 9:08 am ET

U.S. applications for unemployment benefits edged lower last week, reflecting a persistently tight labor market.

Initial jobless claims, a proxy for layoffs, decreased by 2,000 to a seasonally adjusted 190,000 last week, the Labor Department said Thursday. Weekly claims have remained below the 2019 prepandemic average of about 220,000 since the start of the year.

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