Breaking News
Sep 26, 2024
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Initial weekly jobless claims decreased 4,000 to 218,000 at the end of the last week, the U.S. Department of Labor reported Thursday.
Jobless claims dropped to a 4-month low, and continuing claims rose 13,000 to 1.834 million in the previous week.
Despite the recent decline in jobless claims, labor market conditions have softened from a year ago and earlier months in the year as employers avoid adding new staff.
Investors are now awaiting the release of monthly nonfarm payroll data, which could provide additional insights into the current conditions of the labor market.
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