Jobs
US Jobless Claims Tick Up Slightly, Remain Historically Low
- Applications for unemployment rose to 207,000 last week
- Four-week moving average dropped to lowest since February
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Applications for US unemployment benefits remained historically low last week, highlighting ongoing strength in the labor market.
Initial jobless claims ticked up slightly to 207,000 in the week ending Sept. 30, according to Labor Department data out Thursday. The median estimate in a Bloomberg survey of economists called for an increase to 210,000.