U.S. Jobless Claims Eased Last Week in Tight Labor Market

U.S. workers’ filings for unemployment benefits fell slightly last week, as a tight labor market limited

the impact of layoffs in a slowing economy.

Initial jobless claims, a proxy for layoffs, decreased to a seasonally adjusted 243,000 last week from a revised 245,000 the previous week, the Labor Department said Thursday. The weekly number has been on an upward trend since reaching a 50-year low in March.