Weekly applications for jobless benefits are seen as representative of US layoffs and have mostly settled in a historically healthy range between 200,000 and 250,000 since COVID-19 throttled the economy in the spring of 2020, wiping out millions of jobs.
The four-week average of claims, which evens out some of the week-to-week ups and downs during more volatile stretches, ticked down by 250 to 230,750.
The total number of Americans receiving unemployment benefits for the week of May 17 increased by 26,000 to 1.92 million. (AP) GSP