US weekly jobless claims unexpectedly fall


FILE PHOTO: Signage for a job fair is seen on 5th Avenue after the release of the jobs report in Manhattan, New York City, U.S. REUTERS/Andrew Kelly

WASHINGTON: The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, suggesting an orderly labor market slowdown remained in place, though laid-off workers are finding it a bit difficult to land new jobs.

Initial claims for state unemployment benefits dropped 7,000 to a seasonally adjusted 227,000 for the week ended Aug. 10, the Labor Department said on Thursday. Economists polled by Reuters had forecast 235,000 claims for the latest week.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

World markets jolted, dollar dips as Trump vows tariffs on Europe over Greenland
Oil prices steady as ebbing Iranian protests lower chance of US attack
Foreign funds log second straight week of net inflows of RM716.1mil
Ringgit opens higher against greenback on better-than-expected 4Q GDP estimates
FBM KLCI slips on profit-taking as US-EU geopolitical tension escalates
Trading ideas: Binastra, Capital A, Allianz, MN, Vestland, Genting Plantations, YTL Cement, Pimpinan Ehsan, TH Plantations, Marine & General, FGV, SumiSaujana
Press Metal earnings outlook bright thanks to hedging
EU set to halt approval for trade deal with the US�
If I were an ageing oil palm tree
Hurdles in DBS’ Alliance Bank bid

Others Also Read