Fewer Americans than forecast filed applications forunemployment benefits last week, easing concern the labor marketmay weaken in the second half.

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

Employers are limiting firings as demand warrants holding on tocurrent workers, helping support consumer spending, the biggestpart of the economy. At the same time, weak hiring and unemploymentexceeding 8 percent pose a “grave concern,” Federal ReserveChairman Ben S. Bernanke said last week as he made a case forfurther monetary easing.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.