Initial Jobless Claims Rise 1K, Still At Historic Lows

Jobless claims remain at historic lows indicating a lack of layoffs and strength in the labor market. Initial claims rose 1,000 in the September 10 week to 260,000. The 4-week average is at 260,750 which is slightly lower than the month-ago trend and a good signal for the September employment report. Continuing claims, in lagging data for the September 3 week, were little changed at 2.143 million.

Recent History Of This Indicator:
Initial jobless claims have been tracking at historic lows and pointing to lack of layoffs and healthy conditions in the labor market. Continuing claims have likewise been very low.