US weekly jobless claims fall more than expected in latest week

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THE number of Americans filing new applications for unemployment benefits fell more than expected last week, suggesting fears the labour market is unraveling were overblown and the gradual softening in the labour market remains intact.

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Claims over the past few weeks have been hovering near the high end of the range this year, but layoffs remain generally low.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaPhilippines

Topics: Unemployment /Business/Business News US Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 20:55:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21984964

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Official Website: thestar.com.my

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