U.S. jobless claims fall back to 229,000 after fraudulent filings are erased


The numbers: The number of Americans who applied for unemployment benefits before Memorial Day weekend totaled a low 229,000 after Massachusetts took dramatic steps to weed out a massive increase in fraud.
New jobless claims in the seven days ended May 20 rose by 4,000 from 225,000 in prior week, the Labor Department said Thursday. The figures are seasonally adjusted.
Yet…
This story appeared on marketwatch.com, 2023-05-25.