Jobs
US Jobless Claims Fall for Second Week, a Sign of Labor Strength
- Initial unemployment applications dropped 2,000 to 243,000
- Continuing claims for state benefits also declined slightly
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Applications for US unemployment insurance fell for the second week, suggesting that employers are holding on to workers despite growing economic uncertainty.
Initial unemployment claims decreased by 2,000 to 243,000 in the week ended Aug. 20, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 252,000 new applications.