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BumRushDaShow

(143,374 posts)
Thu Sep 26, 2024, 02:14 PM Sep 26

The number of Americans filing for jobless aid falls to lowest level in 4 months

Source: ABC News/AP

September 26, 2024, 8:43 AM


The number of Americans applying for unemployment benefits last week fell to the lowest level in four months.

The Labor Department reported Thursday that applications for jobless claims fell by 4,000 to 218,000 for the week of Sept. 21. It was the fewest since mid-May and less than the 224,000 analysts were expecting. Last week's figure was revised up by 3,000.

The four-week average of claims, which evens out some of weekly volatility, fell by 3,500 to 224,750. Applications for jobless benefits are widely considered a proxy for U.S. layoffs in a given week.

Weekly filings for unemployment benefits have fallen two straight weeks after rising modestly higher starting in late spring. Though still at historically healthy levels, the recent increase in jobless claims and other labor market data signaled that high interest rates may finally be taking a toll on the labor market.

Read more: https://abcnews.go.com/Business/wireStory/number-americans-filing-jobless-aid-falls-lowest-level-114180458

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The number of Americans filing for jobless aid falls to lowest level in 4 months (Original Post) BumRushDaShow Sep 26 OP
This Biden recession is hell. Ray Bruns Sep 26 #1
At the moment, the economy is making the Fed look good n/t Mopar151 Sep 26 #2
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