Jobless claims hit a five-month low despite the Fed’s efforts to slow the labor market

Jobless claims hit a five-month low despite the Fed's efforts to slow the labor market

A person arranges groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, DC, August 19, 2022. Sarah Silbiger | Reuters Initial jobless claims fell last week to the lowest level in five months, a sign that the labor market is strengthening even as the Federal Reserve tries to slow things down. Jobless … Read more