| May 18th, 2023 8:41 AMFewer Americans apply for jobless benefits, labor market still showing strength
Fewer Americans applied for jobless benefits last week following a previous spike that many analysts took as a sign that higher interest rates were finally cooling the labor market.It turns out the recent jump in jobless benefit applications was largely due to fraudulent applications in Massachusetts, where claims fell this week by more than 14,000 from the previous week, analysts said.U.S.