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New data show that claims for unemployment benefits and planned layoffs crept up ahead of the highly anticipated August jobs report.
The number of Americans filing applications for jobless benefits ticked up by 2,000 to 206,000 for the week ending Aug. 29, according to the Department of Labor.
This was close to the consensus estimate of 205,000.
Stripping out week-to-week volatility, the four-week average edged up to above 207,000.
Unemployment claims have remained in a tight, historically low range of 189,000 to 230,000 throughout the year.
Economists and policymakers use it as a real-time indicator of the labor market’s health, and the numbers reaffirm consistently low-fire conditions….
The number of Americans filing applications for jobless benefits ticked up by 2,000 to 206,000 for the week ending Aug. 29, according to the Department of Labor.
This was close to the consensus estimate of 205,000.
Stripping out week-to-week volatility, the four-week average edged up to above 207,000.
Unemployment claims have remained in a tight, historically low range of 189,000 to 230,000 throughout the year.
Economists and policymakers use it as a real-time indicator of the labor market’s health, and the numbers reaffirm consistently low-fire conditions….
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