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Published 2 years ago

Jobless claims fall to 250,000 and show little sign of surging layoffs

Summary by Ground News
The numbers: The number of people who applied for unemployment benefits dipped to 250,000 in mid-August, suggesting that layoff remain very low and the economy is still expanding. Initial jobless claims fell by 2,000 from a revised 252,000 in the first week of August. What’s more, new filings in early August was lowered from a preliminary 262,000. The number of people applying for jobless benefits is one of the best barometers of whether the economy is getting better or worse.

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