Weekly jobless claims fall again, underscoring tight job market

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Minneapolis (CNN Business)Despite fears of a recession, the labour marketplace is showing nary signs of weakening. The fig of first-time claims for unemployment benefits fell by 6,000 to 222,000 for the week ended September 3, according to Department of Labor information released Thursday.

The archetypal play claims figure, which is astatine its lowest level successful conscionable implicit 3 months, is beneath the erstwhile week's downwardly revised level of 228,000 and little than economists' expectations of 240,000, according to Refinitiv estimates.

Continuing jobless claims for the week ended September 3 accrued by 36,000 to 1.47 million, the highest level successful astir 5 months, according to the Labor Department.

    The nation's labour marketplace has remained beardown despite slumps successful different areas of the economy, but has shown hints of deceleration. Following a blowout monthly occupation summation of 526,000 successful July, a much mean 315,000 jobs were added successful August, representing the second-lowest monthly full successful 16 months.

      August's occupation gains, however, inactive stay good supra pre-pandemic times, erstwhile the monthly mean was astir 200,000, Bureau of Labor Statistics information shows.

      And contempt a caller spate of layoff announcements from ample firms successful sectors specified arsenic tech and retail, occupation openings stay plentiful. In July, the fig of available positions ticked up to 11.2 cardinal jobs — astir treble the fig of unemployed radical looking for work.

        The play archetypal jobless claims numbers are preliminary and taxable to revision.

          This communicative is processing and volition beryllium updated.

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