US Jobless Claims Hover Near 57-Year Lows
New claims for US unemployment benefits remained near 57-year lows last week. The steady labor market data supports expectations that the Federal Reserve could raise interest rates again before year end.
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Initial claims for state unemployment benefits in the United States slipped 1,000 to a seasonally adjusted 197,000 during the week ended September 19. The Labor Department report indicates the labor market is holding firm near 57-year lows. Economists polled by Reuters had forecast 201,000 weekly claims.
