US jobless claims fall to lowest since May in solid labor market
Thursday, 19 September 2024
US unemployment benefit applications have dropped to their lowest level since May, signaling a robust job market despite a slowdown in hiring. Initial claims decreased by 12,000 to 219,000 for the week ending September 14. Continuing claims also fell to a three-month low. The four-week moving average has reached its lowest point since June.
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