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Journalism of Courage
The count of Americans seeking unemployment benefits for the first time climbed unexpectedly by 17,000 to 551,000 for the week ended September 26,indicating that labour market remains strained despite easing economic conditions.
The figures come a day after official data showed that the US economy contracted less than expected at 0.7 per cent in the June quarter.
According to the US Labor Department,the number of initial claims for jobless benefits rose 17,000 to 551,000 for the week ended September 26.
In the previous week,the figure stood at 534,000. As per the data,the four-week moving average was 548,000.
However,the count of those receiving unemployment benefits dropped as much as 70,000 to 6,090,000 for the week ended September 19.
“The 4-week moving average was 6,154,500,a decrease of 39,250 from the preceding week’s revised average of 6,193,750,” the Labor Department said in a statement on Thursday.
Yesterday,payroll-processing firm ADP in its National Employment Report said that 254,000 jobs evaporated in the American private sector in September.
However,the report noted that the decrease was the smallest since July 2008.
