U.S. Jobless Claims Down 16K to 193K in Sept. 24 Week
By Sarah Chaney Cambon
U.S. applications for unemployment benefits fell last week to
the lowest level since the spring as many employers hesitate to lay
off workers despite a slowing economy.
Initial jobless claims, a proxy for layoffs, decreased to a
seasonally adjusted 193,000 last week from a revised 209,000 the
previous week, the Labor Department said Thursday. The total was
the lowest since late April and below the prepandemic average of
218,000 in 2019, when the labor market also was tight.
The four-week moving average, which smooths out weekly
volatility, fell by 8,750 to 207,000.
Continuing claims, a proxy for the number of people receiving
ongoing unemployment benefits, decreased to 1.35 million in the
week ended Sept. 17 from 1.38 million a week earlier. Continuing
claims are reported with a one-week lag.
Write to Sarah Chaney Cambon at email@example.com
(END) Dow Jones Newswires
September 29, 2022 09:01 ET (13:01 GMT)
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