Advertisement

Almost 900K in U.S. file new jobless claims; unemployment ticks down

Almost 900K in U.S. file new jobless claims; unemployment ticks down
Pedestrians walk past a large American Flag hanging outside of the New York Stock Exchange in New York City on September 8. The Dow finished mostly flat on Wednesday after an outlook by the Federal Reserve that said interest rates will likely remain near zero until at least 2022.  Photo by John Angelillo/UPI | License Photo

Sept. 17 (UPI) -- Nearly 900,000 additional U.S. workers have filed for new unemployment benefits, the Labor Department said in its weekly report Thursday.

The report listed 860,000 new claims for the week ending Sept. 12, a decrease of 33,000 from the previous week. It listed the unemployment rate at 8.6%, a decline of seven-tenths of a point.

Advertisement

Thursday's report also revised up last week's claims by 9,000.

Many economists expected there would be about 850,000 new claims.

The department said there are 12.6 million continuing claims, which lag initial claims by a week.

Thursday's report came one day after the Federal Reserve said in an updated outlook it doesn't expect to raise key interest rates until at least 2022.

Latest Headlines

Advertisement
Advertisement

Follow Us

Advertisement