US initial jobless claims fell by 5,000 last week to a total of 213,000, the US Department of Labor reported today. The previous week’s level was revised downward by 4,000.
According to CNN Business, the number of first-time claims set a new three-month low, indicating that employers are still reluctant to let go of workers despite some economic slowing. It reported economists polled by Refinitiv had estimated 226,000 applications for the latest week.
Meanwhile, the four-week moving average of dropped by 8,000 in the week ended Sept. 10 to a level of 224,000.