US Initial Jobless Claims Fall to 218,000, Lowest Since Mid-May, Marking 8th Consecutive Week of Positive Data

Sep 26, 2024, 12:44 PM

The number of initial jobless claims in the United States fell to 218,000 for the week ending September 21, 2024, marking a four-month low and the lowest since mid-May. This figure is slightly better than the previous week's 219,000 and lower than the forecasted 223,000. Continuing jobless claims for the week ending September 14, 2024, rose to 1.834 million, up from 1.829 million the previous week and higher than the expected 1.828 million. Despite a recent slowdown in hiring, layoffs remain muted, indicating that businesses are reluctant to let go of their workers. This marks the 8th consecutive week of positive data.