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US Jobless Claims Fall for a Fifth Week Amid Strong Labor Demand

  • California, Texas and New York had the biggest declines
  • Continuing claims increase slightly, still near historic lows
Bloomberg business news
How Jobless Claims, Retail Sales Data May Impact Fed
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Applications for US unemployment insurance fell for a fifth straight week, suggesting demand for workers remains healthy despite an uncertain economic outlook.

Initial unemployment claims decreased by 5,000 to 213,000 in the week ended Sept. 10, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 227,000 new applications.