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Economy

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mahatmakanejeeves

(60,949 posts)
Thu Aug 25, 2022, 07:53 AM Aug 2022

US Jobless Claims Fall for Second Week, a Sign of Labor Strength [View all]

Last edited Thu Sep 1, 2022, 07:31 AM - Edit history (1)

Markets
Jobs

US Jobless Claims Fall for Second Week, a Sign of Labor Strength

By Olivia Rockeman
August 25, 2022, 12:35 PM UTC Updated on August 25, 2022, 12:40 PM UTC

Applications for US unemployment insurance fell for the second week, suggesting that employers are holding on to workers despite growing economic uncertainty.

Initial unemployment claims decreased by 2,000 to 243,000 in the week ended Aug. 20, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 252,000 new applications.

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From the source: mahatmakanejeeves Aug 2022 #1
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