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US Initial Jobless Claims dropped to 197K last week

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance decreased to 197K for the week ending September 19.

US Initial Jobless Claims dropped to 197K last week

According to the US Department of Labour, the number of initial jobless claims dropped to 197,000 for the week ending September 19, which was lower than the initial estimate of 201,000 and the previous week's revised figure of 198,000. The 4-week moving average also decreased by 1,750 to 202,250 compared to the previous week's revised figure of 204,000. Continuing jobless claims rose by 2,000 to 1,719,000 for the same period.

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