U.S. Initial Jobless Claims Fall to 227,000, Continuing Claims Also Beat Estimates

Sep 5, 2024, 12:31 PM

The U.S. Department of Labor reported that initial jobless claims for the week ending August 31, 2024, were 227,000, which is lower than the estimated 230,000 and the previous week's 232,000. Continuing jobless claims for the week ending August 24, 2024, were 1.838 million, also below the estimated 1.870 million and the previous week's 1.868 million. This marks the fifth consecutive week of favorable jobless claims data, reflecting a stable labor market.