US Jobless Claims Remain Subdued, Consistent With Low Layoffs
- Initial applications rose 6,000 to 225,000 last week
- Four-week moving average dropped to lowest since June
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Applications for US unemployment benefits rose slightly to a level that is consistent with limited number of layoffs.
Initial claims increased by 6,000 to 225,000 in the week ended Sept. 28. The median forecast in a Bloomberg survey of economists called for 221,000 applications.