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A hiring sign is displayed at a grocery store in Arlington Heights, Ill., Tuesday, Dec. 27, 2022. On Thursday, the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y. Huh, File)

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US jobless claim applications fall to lowest in 14 weeks
By MATT OTT - AP Business Writer
Thu,01/05/23-7:38AM , 167 Reads
WASHINGTON (AP) — The number of Americans applying for jobless benefits fell to the lowest level in more than three months last week, reflecting a still-robust job market despite the Federal Reserve's efforts to cool the economy and bring down decades-high inflation.
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Hiring sign is displayed outside of a retail store in Vernon Hills, Ill., Saturday, Nov. 13, 2021. Labor Department releases weekly report on unemployment benefits on Thursday, Dec. 1, 2022. On Thursday the Labor Department reports on the number of people who applied for unemployment benefits last week. (AP Photo/Nam Y. Huh, File)

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Applications for jobless benefits decline last week
By MATT OTT - AP Business Writer
Thu,12/01/22-7:39AM , 303 Reads
WASHINGTON (AP) — The number of Americans applying for unemployment benefits came back down last week, hovering near levels suggesting the U.S. labor market has been largely unaffected by the Federal Reserve's aggressive interest rate hikes.
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A sign is displayed in front of a home for sale in Prospect Heights, Ill., Thursday, July 10, 2022. Home sale cancellations hit highest rate since start of pandemic by Redfin. Mortgage buyer Freddie Mac reports on key 30-year mortgage rates on Thursday, Nov. 17. (AP Photo/Nam Y. Huh)

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Average long-term US mortgage rates tumble to 6.61%
By MATT OTT - AP Business Writer
Thu,11/17/22-10:59AM , 158 Reads
WASHINGTON (AP) — The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve officials have all but promised more rate hikes in the coming months.
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Hiring sign is displayed in Deerfield, Ill., Wednesday, Sept. 21, 2022. Labor Department releases weekly report on unemployment benefits on Thursday, Nov. 10. (AP Photo/Nam Y. Huh)

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Slightly more Americans apply for jobless benefits last week
By MATT OTT - AP Business Writer
Thu,11/10/22-7:43AM , 213 Reads
WASHINGTON (AP) —

The number of Americans applying for jobless benefits rose slightly last week, but the labor market remains healthy despite job cuts that have begun to spread across industries most affected by soaring interest rates, such as housing and technology.
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