Fewer Americans apply for jobless benefits as labor market keeps humming along
- The number of Americans filing new claims for unemployment benefits fell by 10,000 to 230,000 for the week ending August 19, indicating a tight labor market despite the Federal Reserve's efforts to cool the economy.
- The previous week's level was revised up slightly, but economists had forecasted higher claims for the latest week.
- The strength of the labor market, along with receding inflation, is generating optimism that the economy may avoid a recession.
Insights by Ground AI
Does this summary seem wrong?
0 Articles
0 Articles
All
Left
Center
Right
Coverage Details
Total News Sources0
Leaning Left4Leaning Right3Center8Last UpdatedBias Distribution53% Center