As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by CNBC:
The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labor market strength, which should continue to underpin economic growth. Initial claims for state unemployment benefits dropped 8,000 to a seasonally adjusted 207,000 for the week ended Sept. 29, the Labor Department said on Thursday.
Data for the prior week was revised to show 1,000 more applications received than previously reported. Claims fell to 202,000 during the week ended Sept. 15, which was the lowest level since November 1969.
The article goes on to state the following:
Economists polled by Reuters had forecast claims slipping to 213,000 in the latest week. The Labor Department said claims for South and North Carolina were affected by Hurricane Florence, which lashed the region in mid-September.
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