Economics
US Jobless Claims Unexpectedly Dip for First Time in Three Weeks
- Applications totaled 250,000 after notable downward revision
- Continuing claims rose to highest level since early April
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Applications for US unemployment insurance fell for the first time in three weeks, suggesting demand for labor remains healthy.
Initial unemployment claims decreased by 2,000 to 250,000 in the week ended Aug. 13, Labor Department data showed Thursday. The date is particularly scrutinized because it corresponds with the reference period for the government’s August employment report, which will be released early next month.