U.S. unemployment claims dip to the lowest since mid-July
Summary
The number of people applying for unemployment benefits in the U.S. fell last week to the lowest point since mid-July. This suggests that most Americans are still holding onto their jobs and layoffs remain low.Key Facts
- Last week, 197,000 people filed new claims for unemployment benefits in the U.S.
- This number is slightly lower than the revised total of 198,000 claims the week before.
- The four-week average of claims dropped to 200,000, smoothing out weekly changes.
- Jobless claims are used as a sign of layoffs and the health of the job market.
- Claims have mostly stayed below 220,000 throughout this year, which is considered low by historical standards.
- The Labor Department released this information on a Thursday.
- Low claims indicate that job security is currently strong for most American workers.
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