The number of Americans filing for unemployment benefits fell last week as layoffs remain relatively low despite other signs of labor market cooling.
Jobless claims fell by 5,000 to 227,000 for the week of Aug. 31, the Labor Department reported Thursday. That’s less than the 230,000 new filings analysts were expecting.
The four-week average of claims, which evens out some of the week-to-week volatility, fell by 1,750 to 230,000.
Weekly filings for unemployment benefits, which are considered a proxy for layoffs, remain low by historic standards.
The total number of Americans collecting jobless benefits declined by 22,000 to 1.84 million for the week of Aug. 24.
(AP)
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One Response
If you want higher unemployment, go back in time (20-50 years) and convince the young adults back them to have more children. This does require breaching laws of physics.
Another way to higher unemployment is to raise taxes on business in order to discourage companies from expanding and hiring more workers. This is part of the Democratic platform.