Jobless claims edge down as labor market shows resilience |
| Initial unemployment claims fell by 1,000 to a seasonally adjusted 206,000 in the seven days to September 5th, according to the Labor Department, slightly above economists’ forecast of 205,000. Claims have remained within a narrow range of 189,000 to 212,000 since mid-July, suggesting layoffs remain low. The four-week moving average slipped 1,500 to 206,000, while continuing unemployment claims, reported with a one-week lag, declined by 1,000 to 1.774m. The data follows stronger employment growth in August, when nonfarm payrolls increased by 162,000 jobs, up from 21,000 in July, while the unemployment rate held at 4.1%. |
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