Benchmarks
Nifty23,873.45-41.0

Precious Metal
Gold (MCX) (Rs/10g.)154,953.002551.0

Enter search text:

Business News›News›International›World News›US unemployment claims rise to 206,000 last week, remain near historically low levels

Read Today's Paper

US unemployment claims rise to 206,000 last week, remain near historically low levels
Synopsis

Last week's statistics revealed an increase in new jobless claims in the United States, with initial filings rising to 206,000 for the week ending August 29. Although continuing jobless claims also grew to 1.779 million, these trends suggest that the labor market remains robust, yet slightly fluctuating, presenting a dynamic employment picture that bears watching.

Agencies

The number of Americans filing new claims for unemployment benefits rose last week, although the latest reading remained near historically low levels, indicating continued resilience in the US labour market.



Initial jobless claims increased to 206,000 in the week ended August 29, according to data released by the US Department of Labor on Thursday. The figure was slightly above the initial estimate of 205,000 and up from the previous week’s revised 204,000, which was earlier reported at 203,000.

The four-week moving average of initial claims, which smooths out weekly volatility, also edged higher. It rose by 1,500 to 207,250, compared with the previous week’s revised average.

Meanwhile, continuing jobless claims, which track people who remain on unemployment benefits after filing an initial claim, increased by 8,000 to 1.779 million in the week ended August 22.

Add as a Reliable and Trusted News Source
Add Now!

(You can now subscribe to our WhatsApp channel)

(You can now subscribe to our WhatsApp channel)


Read More News on
unemployment claimsjobless claimsinitial claims for unemployment benefitsUS Department of Laborcontinuing jobless claimsAmerican labor marketunemployment benefitsemployment newslabor market resiliencelatest unemployment data

Enter search text:

Continue reading with one of these options:
Limited Access
Free
Login to get access to some exclusive stories

& personalised newsletters
Login Now

Unlimited Access
Starting @ Rs120/month
Get access to exclusive stories, expert opinions &

in-depth stock reports
Subscribe Now

ET

Unlock Access to All Exclusives with ETPrime FREE TRIAL

15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers

Trial offer expiring in00 : 05 : 00

I'd rather pay ₹2599 now

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you're already an ETPrime member with

Login using your ET Prime credentials to enjoy all member benefits

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

Unlock ETPrime's Exclusive Stories Today!

Subscribe to gain powerful insights on business, stock market and industry trends.

Big Price Drop! Flat 40% Off

Student Only Offer

Already a Member? Sign In now

Already a Member? Sign In now
Already a Member? Sign In now

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get 1 Year Free

With 1 and 2-Year ET prime membership

Avail Offer

Offer Exclusively For You

Get Flat 40% Off

Then ₹ 1749 for 1 year

Avail Offer

Offer Exclusively For You

ET Prime at ₹ 49 for 1 month

Then ₹ 1749 for 1 year

Avail Offer

Special Offer

Get flat 40% off on ETPrime

Avail Offer
Avail Offer

Claim NowAlready a Member? Sign In now

Need Assistance?

Connect with an ETPrime expert for personalized support and guidance

+91 9484700004

' + h3 + '

' + h4 + '

' + listing + '

What’s Included with

ETPrime Membership

1Exclusive Insights That Matter

Uncover the truth with our investigative stories

Make strategic moves using the real-world case studies

Read industry-specific stories to identify emerging trends

Spot opportunities with
in-depth insights that matter

• 

  Trump temper on H-1B visas is forcing Indians to do these things to stay put in US

  

  What Adani’s US indictment means for India Inc’s overseas fundraising

• 

  Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.

  

  Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?

• 

  Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?

  

  The problem with lab grown diamonds

• 

  Why a falling rupee is a better option for the economy

  

  A list of top 20 momentum stocks that have delivered massive returns in one year

2Invest Wisely With Smart Market Tools & Investment Ideas

Alpha Trade

Get daily trade ideas from SEBI-registered research analysts.

Investment Ideas

Grow your wealth with stock ideas & sectoral trends.

Stock Reports Plus

All-in-one stock research with Stock Score, peer comparison & key signals.

BigBull Portfolio

Get to know where the market bulls are investing to identify the right stocks.

Stock Analyzer

Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.

Market Mood

Analyze the market sentiments & identify the trend reversal for strategic decisions.

Stock Talk Live at 9 AM Daily

Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.

3Stay informed anytime, anywhere with ET ePaper

ePaper – Print View

Read the PDF version of ET newspaper. Download & access it offline anytime.

ePaper – Digital View

Read your daily newspaper in Digital View & get it delivered to your inbox everyday.

Wealth Edition

Manage your money efficiently with this weekly money management guide.

4Times Of India Subscription (1 Year)

ePaper

Read the PDF version of newspaper. Download & access it offline anytime.

Deep Explainers

Explore the In-depth explanation of complex topics for everyday life decisions.

Health+ Stories

Get fitter with daily health insights committed to your well-being.

Personal Finance+ Stories

Manage your wealth better with in-depth insights & updates on finance.

New York Times Exclusives

Stay globally informed with exclusive story from New York Times.

5Enjoy Complimentary Subscriptions From Top Brands

Docubay Subscription

Stream new documentaries from all across the world every day.

Stories you might be interested in