Thursday News!

Jobless Claims Fell Last Week, Showing Tight U.S. Labor Market

U.S. filings for unemployment benefits unexpectedly fell last week following a storm-related surge in the prior period, indicating resilient demand for workers, Labor Department figures showed Thursday.

Initial U.S. jobless claims decreased by 8,000 to a seasonally adjusted 207,000 in the week ended Sept. 29, the U.S. Department of Labor Department said Thursday, indicating resilient demand for workers. The four-week moving average of claims increased last week by 500 to 207,000, still a historically low level. Continuing claims decreased by 13,000 to 1,650,000 in the week ended Sept. 22. –Bloomberg (10/04/18) Sho Chandra

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