US jobless claims fall to pandemic low of 1.19 million
The broad decline across nearly all states suggests that the labour market is improving
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
APPLICATIONS for unemployment benefits in the US fell more than expected last week to the lowest since the pandemic started, in a broad decline across nearly all states, suggesting the labour market is improving.
Initial jobless claims in regular state programmes fell by 249,000 to 1.19 million in the week ended Aug 1, Labor Department data showed on Thursday. The median forecast in a Bloomberg survey of economists called for 1.4 million.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
