U.S. Jobless Claims Drop Again as Labor Market Stays Strong

Applications for unemployment benefits in the U.S. fell by 16,000 to 230,000 for the week ending April 22.
The four-week moving average of claims fell by 6,000 to 236,000.
million people were collecting unemployment benefits the week that ended April 15, 3,000 fewer than the previous week.
The U.S. job market remains healthy despite rising interest rates, economic uncertainty, and fears of a looming recession.
The Fed is hoping to achieve a soft landing to bring inflation under control without causing a recession, but economists are skeptical.