US Jobless Claims Slip to 206000
Initial claims for US unemployment benefits dipped last week to 206000. This indicates the labor market remains stable despite a recent drop in employment. The data leaves the Federal Reserve positioned to maintain its current policy focus.
Initial claims for state unemployment benefits in the United States fell by 6,000 to a seasonally adjusted 206,000 last week. That reading compares to an upwardly revised 212,000 in the prior period. Economists had projected 210,000 claims for the latest period.
