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US jobless claims resume drop

Signaling a gradual improvement in the battered labour market.
Image: Amir Hamja/Bloomberg

The number of Americans applying for jobless benefits resumed its decline, signaling a gradual improvement in the battered labour market.

Jobless claims in regular state programs decreased by 33,000 to 860,000 in the week ended September 12, which coincides with the reference period for the government’s monthly jobs report, according to Labour Department figures released Thursday. Continuing claims, the total number of Americans on state benefit rolls, fell by almost 1 million, to 12.6 million, in the week ended September 5.

Economists expected initial claims of 850,000 and continuing claims of 13 million, according to median estimates in a Bloomberg survey.

© 2020 Bloomberg

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