US Jobless Claims Fall as Labor Market Stays Tight

(Reuters) – The variety of Individuals submitting new claims for unemployment advantages fell final week, as labor market circumstances remained tight regardless of the Federal Reserve’s aggressive rate of interest hikes.

Preliminary claims for state unemployment advantages decreased by 10,000 to a seasonally adjusted 230,000 for the week ended Aug. 19, the Labor Division stated on Thursday. The earlier week’s stage was revised up modestly by 1,000. Economists polled by Reuters had forecast 240,000 claims for the newest week.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *