The Labor Department said Thursday that jobless claims dropped to 385,000, down 20,000 from the week before.
The number of weekly jobless claims — a rough measure of the pace of layoffs — has fallen by more than half since January.
The number of Americans seeking unemployment benefits fell last week to 473,000.
The rise in inflation over the past year is at its fastest rate in more than a decade.
The number is 266,000 jobs, sharply lower than in March and a sign that some businesses are struggling to find enough workers.
The number of people in the U.S. seeking unemployment aid fell last week to 498,000, the lowest point since the pandemic struck.
However, the Facebook Oversight Board also said “was not appropriate for Facebook to impose an ‘indefinite’ suspension.”
U.S. consumer spending rose at the fastest pace in nine months while incomes soared by a record amount in March.
They have fallen sharply over the past year but remain well above the 230,000 weekly figure typical before the pandemic struck.
Economic growth in the current April-June period is expected to be faster still.
