International Economic

US jobless claims drop by 5,000

By Iain Gilbert

Date: Thursday 05 Sep 2024

(Sharecast News) - Americans lined up for unemployment benefits at a decelerated pace in the week ended 31 August, according to the Department of Labor.
Initial unemployment claims dropped by 5,000 week-on-week to 227,000, a seven-week low and below market expectations for a reading of 230,000.

Despite the decline, claims...

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