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The number of Americans filing applications for unemployment benefits declined sharply to the lowest level in four weeks, new government data show.
Initial jobless claims declined by 12,000 to a one-month low of 215,000 for the week ending 20, according to the Department of Labor.
This came in below the economists’ forecast of 225,000.
The four-week average, which strips out week-to-week volatility, ticked up to 224,250.
Over the past five years, unemployment claims have hovered between 200,000 and 250,000. In April, claims fell to their lowest level since 1969, reaching 190,000.
Employment conditions have been improving over the last three months after a rocky start to 2026. Hiring momentum has picked up heading into the summer months, while layoffs have remained low….
Initial jobless claims declined by 12,000 to a one-month low of 215,000 for the week ending 20, according to the Department of Labor.
This came in below the economists’ forecast of 225,000.
The four-week average, which strips out week-to-week volatility, ticked up to 224,250.
Over the past five years, unemployment claims have hovered between 200,000 and 250,000. In April, claims fell to their lowest level since 1969, reaching 190,000.
Employment conditions have been improving over the last three months after a rocky start to 2026. Hiring momentum has picked up heading into the summer months, while layoffs have remained low….
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