Initial jobless claims unexpectedly decline to 216,000 By Investing.com

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Initial jobless claims unexpectedly decline to 216,000 By Investing.com
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Initial jobless claims unexpectedly decline to 216,000

Investing.com -- The number of Americans filing for new unemployment insurance unexpectedly fell last week, suggesting a lingering tightness in the U.S. labor market that may impact the Federal Reserve's upcoming monetary policy decisions., widely seen as a proxy for lay-offs, decreased to 216,000 in the week ended on September 2, down from a marginally upwardly revised reading of 229,000 in the prior week. Economists had projected that the figure would climb to 234,000.

Meanwhile, the amount of people receiving benefits after a first week of aid dipped by 40,000 to 1.679 million, Labor Department data showed. So-called remain relatively low on a historical basis, suggesting that many workers are going through short periods of unemployment.Charles Schwab

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