Jobless Claims at Lowest Level in a Month

Report eases concerns that the U.S. employment market may be weakening.

Fewer Americans than forecast filed applications for unemployment benefits last week, easing concern the labor market may weaken in the second half.

Jobless claims decreased by 12,000 to 365,000 in the week ended Sept. 1, the fewest in a month, the Labor Department reported today in Washington. The median estimate of 48 economists surveyed by Bloomberg called for a drop to 370,000.

Continuing Claims

The number of people continuing to receive jobless benefits fell by 6,000 in the week ended Aug. 25 to 3.32 million.

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