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US jobless aid applications retreat to 231,000 after surging to nearly 4-year high a week earlier
- Initial applications for jobless benefits in the US dropped by 33,000 to 231,000, according to Labor Department data released Thursday.
- Continuing claims declined to 1.92 million in the previous week, indicating fewer people are receiving benefits.
- The four-week moving average of initial claims remained steady at 240,000, indicating little volatility in the job market.
- Carl B. Weinberg stated that today's report casts doubt on theories suggesting layoffs have significantly increased.
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The number of Americans filing for unemployment benefits last week fell significantly after hitting a nearly four-year high the previous week.
US Weekly Jobless Claims Fall to 1-Month Low After Sharp Decline
Employment data continue to send mixed signals about labor market conditions as the number of Americans filing new applications for unemployment benefits declined to a one-month low. For the week ending Sept. 13, initial jobless claims fell by 33,000 to 231,000, the lowest level since the middle of August, according to new Department of Labor data released on Sept. 18. This represented the sharpest weekly drop in nearly four years. The previous …
·New York, United States
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Coverage Details
Total News Sources46
Leaning Left7Leaning Right4Center20Last UpdatedBias Distribution65% Center
Bias Distribution
- 65% of the sources are Center
65% Center
L 23%
C 65%
13%
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