Jobless Claims Edge Lower as Fed Looks to Cool Labor Market

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Jobless Claims Edge Lower as Fed Looks to Cool Labor Market
Nederland Laatste Nieuws,Nederland Headlines

Jobless claims totaled 250,000 for the week ended Aug. 13, down 2,000 from the previous week and below the 260,000 Dow Jones estimate.

Continuing claims, which run a week behind the headline number, totaled 1.437 million, an increase of 7,000.

In other economic news, the Philadelphia Fed reported that its monthly manufacturing survey for August rose to a reading of 6.2 Initial filings for unemployment benefits declined slightly last week though they were consistent with a drift higher in layoffs that began in the spring, theThe four-week moving average for claims, which helps smooth out weekly volatility, also fell by 2,750 to 246,750.Download NBC 5 Dallas-Fort Worth

 

Nederland Laatste Nieuws, Nederland Headlines

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