September 8, 2016

OBOOMA:

U.S. jobless claims fall as labor market remains strong (Lucia Mutikani, 9/08/16, Reuters)

Initial claims for state unemployment benefits decreased 4,000 to a seasonally adjusted 259,000 for the week ended Sept.3, the lowest level since mid-July, the Labor Department said on Thursday. Economists had forecast first-time applications for jobless benefits rising to 265,000 in the latest week. It was the 79th straight week that claims remained belowthe 300,000 threshold, which is associated with robust labor market conditions. That is the longest stretch since 1970, when the labor market was much smaller.

Posted by at September 8, 2016 3:52 PM

  

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