Continuing claims were at the highest level since November 2021, a sign that workers are having trouble finding new positions after they are laid off.

The number of Americans filing for unemployment benefits fell last week to the lowest level in three months, a sign that the U.S. labor market remains sturdy despite fears over the impact of widespread U.

Applications for U.S. unemployment benefits declined for a fifth straight week to the lowest level since mid-April, showing a resilient job market.