Home » Business » US Unemployment Benefits Fall to Lowest Level Since February, Labor Market Remains Tight

US Unemployment Benefits Fall to Lowest Level Since February, Labor Market Remains Tight

decreased to 216 thousand

Dubai – Al Arabiya.net

Posted on: September 07, 2023: 05:01 PM GST Last updated: September 07, 2023: 06:10 PM GST

The number of Americans filing new applications for unemployment benefits unexpectedly fell last week to the lowest level since February, indicating that the US labor market is still relatively tight even as other recent data suggests that it is beginning to dry up. receding.

On Thursday, the Labor Department said first-time applications for state unemployment benefits fell to 216,000 in the week ending Sept. 2, from a revised reading of 229,000 in the previous week.

Economists polled by Reuters had forecast new claims rising to 234,000 in the latest week.

2023-09-07 14:10:40
#Americas #economy #weekly #jobless #claims #fell #lowest #level #February

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.