US Jobless Claims Fall to Lowest Since May in Solid Labor Market
- Applications for benefits dropped to 219,000 last week
- Period corresponds with survey week for monthly jobs report
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Applications for US unemployment benefits fell to the lowest level since May, indicating the job market remains healthy despite a slowdown in hiring.
Initial claims decreased by 12,000 to 219,000 in the week ended Sept. 14, according to Labor Department data released Thursday. That was below all estimates in a Bloomberg survey of economists. The period also corresponds with the so-called reference week when the survey is conducted for the September employment report.