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The number of Americans filing applications for unemployment benefits remained stable at the start of August, pointing to a stable national labor market.
Initial jobless claims rose by 9,000 to a seasonally adjusted 209,000 for the week ending Aug. 8, according to new data released by the Department of Labor on Aug. 13. Economists had projected a reading of 202,000.
The four-week average, which strips out week-to-week volatility, was unchanged at 199,000.
Claims recently fell to their lowest level since 1969 for the second time this year, and they have ranged between 189,0000 to 230,000 this year.
A plethora of employment indicators suggest that labor conditions are stable, despite last month’s surprise job loss….
Initial jobless claims rose by 9,000 to a seasonally adjusted 209,000 for the week ending Aug. 8, according to new data released by the Department of Labor on Aug. 13. Economists had projected a reading of 202,000.
The four-week average, which strips out week-to-week volatility, was unchanged at 199,000.
Claims recently fell to their lowest level since 1969 for the second time this year, and they have ranged between 189,0000 to 230,000 this year.
A plethora of employment indicators suggest that labor conditions are stable, despite last month’s surprise job loss….
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