1st-time US unemployment claims fell to 227,000 in Aug 31 week, lowest in 2 months, indicating stable layoffs.
For the week ending August 31, first-time unemployment claims in the U.S. fell to 227,000, the lowest level in two months, indicating stable layoffs despite a cooling labor market. The four-week average also decreased to 230,000. Although jobless claims are higher than earlier this year, they remain low historically. Economists anticipate the upcoming August jobs report will show an increase in job additions and a slight drop in the unemployment rate.
September 05, 2024
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