US jobless claims fell last week

The number of first-time job applicants in the United States dropped to 230,000 in the week ending August 19.

The US Department of Labor has released data on weekly jobless claims.

Consequently, the number of people filing for unemployment benefits for the first time in the country decreased to 230,000 in the week ending August 19, a decrease of 10,000 compared to the previous week.

Claims for unemployment benefits, which were below market expectations, were expected to number 240,000 in this period. Data for the previous week on jobless claims was revised from 239,000 to 240,000.

Until last week, the average 4-week unemployment benefit claims increased by 2,250 people compared to the previous week and reached 236,750.

UNEMPLOYMENT WAGE CLAIMS

On the other hand, applications for unemployment benefits in progress decreased by 9,000 people in the week ending August 12, up to 1,702,000.

Analysts said the data on jobless claims strengthened evidence that the US labor market was holding at historically tight levels, adding that the data gave the US Federal Reserve (Fed) room to maintain its stance. hard to curb inflation. (AA)