Jobless claims drop 16,000 to 212,000, show no hint of deterioration in labor market
May 16, 2019 at 08:39 AM EDT
The number of people who applied for unemployment benefits last week fell sharply to the lowest level in a month, dragging new “jobless claims” back near a post-recession low and suggesting all is well in the U.S. labor market. Initial claims sank by 16,000 to 212,000.