Reported about 2 months ago
The number of new unemployment benefit applications in the U.S. fell by 7,000 to 227,000 for the week ending August 10, contrary to economists' expectations of 235,000 claims. This suggests a stable labor market despite rising concerns over layoffs and a recent increase in the unemployment rate to 4.3%. Continued claims also decreased to 1.864 million, indicating that while job openings have slowed, layoffs remain low by historical standards.
Source: YAHOO