Weekly jobless claims in the US fell by 11,000 to reach 239,000, indicating a tight labor market despite a slowdown in job growth and raising the risk of the Federal Reserve increasing interest rates.
Despite attempts by the Federal Reserve to cool the economy and combat inflation, applications for unemployment benefits in the US declined last week, indicating a resilient labor market.
The number of Americans applying for jobless benefits fell slightly last week as companies held on to employees in an economy that has withstood rising interest rates, with job openings remaining robust and unemployment benefits being collected by about 1.73 million people.
Job openings and layoffs decreased in July, indicating a return to pre-pandemic labor market patterns, with economists attributing the drop to a decline in turnover rather than contraction.
The number of Americans filing for jobless benefits unexpectedly dropped to the lowest level since February, indicating a relatively tight job market despite recent signs of softening.
Initial jobless claims for state unemployment benefits rose by 3,000 to 220,000 in the latest week, but the four-week moving average fell to its lowest level since February, indicating that while the pace of hiring may be softening, there are very few layoffs.
Weekly jobless claims in the US have fallen to an eight-month low, indicating a tight labor market despite a slowdown in job growth.
U.S. jobless claims rose slightly after reaching an eight-month low, indicating a strong labor market that continues to defy the Federal Reserve's attempts to cool it down.
The number of Americans filing new claims for unemployment benefits rose moderately last week, while layoffs declined in September, pointing to still-tight labor market conditions at the end of the third quarter. Additionally, the trade deficit shrank to its smallest in nearly three years in August, with exports of capital goods reaching a record high.
Applications for US unemployment benefits remained historically low last week, with initial jobless claims ticking up slightly to 207,000, indicating ongoing strength in the labor market.
The number of Americans applying for unemployment benefits remains unchanged at historically low levels, indicating a strong job market in the face of higher interest rates.
The number of Americans applying for unemployment benefits remains unchanged, indicating a strong job market amidst higher interest rates and falling inflation.
The number of US jobless claims fell to its lowest level in eight months last week, indicating that businesses are holding onto workers despite higher interest rates, but the number of continuing claims rose to its highest level in three months, suggesting that people already unemployed are struggling to find new jobs.
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