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US weekly jobless claims unexpectedly fall

Finance · 2 updates

US weekly jobless claims unexpectedly fall

Washington: The number of Americans filing claims for unemployment benefits unexpectedly fell last week,but the decline likely overstates the health of the labor market.Initial claims for state unemployment benefits dropped 10,000 to a seasonally adjusted 196,000 for the week ended September 12, the Labor Department said on Thursday. Economists polled by Reuters had forecast 208,000 claims for the latest week. The surprise drop likely reflected volatility around last week's Labor Day holiday. Claims are difficult to adjust for seasonal fluctuations around moving public holidays.Read more: US u

US jobless claims hit 57-year low

WASHINGTON: The number of Americans filing new claims for unemployment slipped to a 57-year last week as layoffs remained low against the backdrop of a resilient labor market.Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 189,000 for the week ended October 31, the Labor Department said on Thursday. Economists polled by Reuters had forecast 196,000 claims for the latest week.Claims matched the 189,000 level touched in mid-July, which was the lowest reading since 1969.They have stayed mostly below 200,000 since mid-September.Low layoffs, thanks to strong domes

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