US jobless claims rise to 230,000
By Iain Gilbert
Date: Thursday 12 Sep 2024
(Sharecast News) - Americans lined up for unemployment benefits at an accelerated pace in the week ended 7 September, according to the Department of Labor, in line with market expectations.
US initial jobless claims rose by 2,000 week-on-week to 230,000, well above average seen earlier in the year and reinforcing the ongoing trend of a softening labour market.
Outstanding claims rose by 5,000 to 1.85m, while the four-week moving average, which aims to strip out week-to-week volatility grew by 500 to 230,750.
Reporting by Iain Gilbert at Sharecast.com
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