U.S. jobless claims sink to a 57-year low. Jobs aren't easy to find — or lose.

Initial unemployment benefit applications in late April fell to a 57-year low, signaling exceptionally low layoffs in the U.S. labor market. The reading suggests the economy remains resilient despite heavy turbulence, with no immediate sign of broad labor-market deterioration.

Analysis

Initial unemployment benefit applications in late April fell to a 57-year low, signaling exceptionally low layoffs in the U.S. labor market. The reading suggests the economy remains resilient despite heavy turbulence, with no immediate sign of broad labor-market deterioration.