Subsidy applications decreased The unemployment in United States of America For the fifth consecutive week, indicating that demand for workers remains healthy despite the vague economic outlook.
Labor Department data Thursday showed that initial jobless claims fell by 5,000 to 213,000 in the week ended September 10, versus the median estimate in a Bloomberg survey of 227,000 claims.
The four-week moving average, which smooths out week-to-week volatility, fell to 224K, the lowest since June.
Continuing claims rose slightly to 1.4 million in the week ended September 3, still historically low.
Employers are still trying to fill millions of vacancies and keep the workers they already have. However, the trend may reverse as the Federal Reserve follows a strong path of raising interest rates to control demand across the economy, including employment.