US Weekly Jobless Claims at 206,000, Slightly Above Forecast
Summary
- The U.S. Labor Department said initial jobless claims totaled 206,000 last week, 1,000 above forecasts.
- Last week’s continuing jobless claims came in at 1.774 million, below both the prior week’s revised figure and the market forecast.
- Initial jobless claims are an indicator that can help gauge overheating in the U.S. labor market.
Forecast Trend Report by Period
U.S. initial jobless claims came in slightly above market expectations last week.
The Labor Department said on September 10 that initial jobless claims totaled 206,000 last week. That was 1,000 above economists’ forecast of 205,000 and 1,000 below the prior week’s revised 207,000.
Continuing claims, which reflect the number of people receiving unemployment benefits for two consecutive weeks, came in at 1.774 million. That was 1,000 below the prior week’s revised 1.775 million and 6,000 lower than the market forecast of 1.78 million.
Initial jobless claims are a gauge of overheating in the U.S. labor market. An increase in claims can be interpreted as a sign that labor-market tightness is easing.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul