According to the US Department of Labor, initial jobless claims dropped by 33,000 to 231,000, marking the steepest weekly decline in nearly four years and aligning with Bloomberg’s forecast expectations.
The US Department of Labor reported that initial jobless claims for the week ending September 13 fell by 33,000 to 231,000, the largest decrease in nearly four years. The decline reversed the previous week’s sharp rise and aligned with Bloomberg’s economist survey, which predicted 240,000 claims. Continuing claims also fell, reaching 1.92 million in the prior week.