Jobless claims fall again for third straight week

Jobless claims fall again for third straight week

This May 8, 2020 photo shows a hiring sign at the Aldi grocery store in Morton Grove, Ill. The number of Americans applying for unemployment benefits fell last week to a still-high 712,000, the latest sign that the U.S. economy and job market remain under stress from the intensified viral outbreak. Thursday, Dec. 3, report from the Labor Department said that initial claims for jobless aid dropped from 787,000 the week before. (AP Photo/Nam Y. Huh)

WASHINGTON (AP) — Fewer Americans applied for unemployment benefits for the third straight week. Jobless claims fell by 16,000 to 223,000 last week, from 239,000 the previous week, the Labor Department reported Thursday. The four-week average for claims, which compensates for weekly volatility, fell slightly after rising for five straight weeks as the omicron variant of the coronavirus spread, disrupting business in many parts of the U.S. Last week, the Labor Department reported a surprising burst of hiring in January, with employers adding 467,000 jobs. 

Photo: This May 8, 2020 photo shows a hiring sign at the Aldi grocery store in Morton Grove, Ill. (AP Photo/Nam Y. Huh)