Number Of People Claiming Joblessness Falls By Record Numbers

Posted: Sep 17 2015, 10:37am CDT | by , Updated: Sep 17 2015, 9:17pm CDT, in News | Latest Business News

 

This story may contain affiliate links.

Number of People Claiming Joblessness Falls By Record Numbers
Photo Credit: Getty Images

Don't Miss: This How to find Fingerlings in Stock

There is some good news for the American job market and the American economy - the number of Americans filing new applications for unemployment benefits fell again last week to the lowest numbers in more than eight weeks, suggesting that the labor sector is strengthening despite a somewhat weak financial market.

Initial claims for unemployment benefits at the state level dropped about 11,000 to an adjusted 264,000 for the week ending September 12, the Labor Department announced. That was the lowest reading since mid-July.

It was the 28th straight week that claims remained below the 300,000 threshold, which is usually associated with a strengthening labor market, according to the Wall Street Journal.

Due to holiday timing, the data covered around the Labor Day weekend claims to be a little more volatile, but a Labor Department analyst says that there were no special factors that influenced the data.

The labor market is on solid footing, be assured, even though the global market is in a bit of a sell-off, which lowered the probably of a Federal Reserve interest hike.

The economy added about 173,000 jobs in August, which was down from July, but job openings are still at an all time high, which suggests that we don't have the workers that we need. That is likely to change in December and May, the traditional months of commencement at colleges and universities.

Thursday's claims report showed the number of people still receiving benefits after an initial week of aid fell 26,000 to 2.24 million in the week ended September 5.

Holiday Gift Guides and Deals

Get your Holiday gifting inspired by Best Toy Gifts with High STEM Value and the Top 10 toy gifts under $10 if you are on budget. The most popular Holiday 2017 toy list include Fingerlings, Crate Creatures and more. Don't miss the new Holiday deals on Amazon Devices, including $29.99 Fire tablet.

This story may contain affiliate links.

This free App Solves You Holiday Shopping Problem


Download the free Tracker app now to get in-stock alerts on Fingerling, Luvabella, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/46" rel="author">Noel Diem</a>
Noel passion is to write about geek culture.

 

 

Advertisement

comments powered by Disqus