US Jobless Claims Decrease, Signaling Stable Labor Market
TL;DR Summary
Initial jobless claims decreased by 5,000 to 229,000 for the week ending August 23, indicating that the recent increase was not part of a rising trend in layoffs.
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- US applications for jobless benefits fell last week as layoffs remain low San Francisco Chronicle
- U.S. unemployment claims surge to nearly 2 million, the most in almost 4 years Fortune
- Spot gold pulls back to $3,400/oz after U.S. weekly jobless claims fall to 229k KITCO
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