Market Updates
Jobless Claims Report Signals Strong Labor Market
Brian Turner
29 Sep, 2022
New York City
Initial weekly jobless claims rate dropped less-than-expected to 196,000 in the week ending September 24.
The fewer-than-expected claims offered yet another impetus to the Federal Reserve in continuing its campaign to lift by a large amount of 75 basis points.
Seasonally adjusted weekly initial jobless claims declined 16,000 to 193,000 in the week ending September 24, the Department of Labor said Thursday.
Unadjusted initial claims fell 12,642 to 156,060 led by significant declines in Michigan (5,674), New Jersey (1,521) and New York (1,266).
The 4-week moving average declined 8,750 to 207,000.
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