Source | economictimes.indiatimes.com | ET Bureau
Applications for US unemployment insurance rose for the first time in six weeks but remained historically low, suggesting demand for workers remains healthy despite an increasingly uncertain economic outlook.
Initial unemployment claims increased by 5,000 to 213,000 in the week ended Sept. 17, after a downward revision in the prior week, Labor Department data showed Thursday. The median estimate in a Bloomberg survey of economists called for 217,000 new applications.
The four-week moving average, which smooths out volatility from week to week, fell to 216,750.