US Weekly Jobless Claims: 204K

​States reported that 204,000 workers filed for new unemployment benefits during the week ending Sept. 23, an increase of 2,000 from last week’s revised level but still near the lowest level of unemployment claims since the beginning the year. About 1.6 million workers continue to claim unemployment benefits, down from a recent high of 1.86 million in mid-April. The unemployment rate unexpectedly rose in August to 3.8 percent from 3.5 percent in July, the highest since February 2022. The increase is attributed to a significant rise in labor force participation.
Source: New feed 2