States reported that 213,000 workers filed for new unemployment benefits during the week ending Sept. 10, marking a fifth straight week of declines. The number of workers continuing to claim unemployment benefits—1.4 million—is below the pre-pandemic average of 1.7 million. The generally low level of jobless claims overall signifies strong labor demand as companies try to attract and retain employees.
The unemployment rate in August rose to 3.7 percent from a 50-year low in July, but the increase included a surge in the number of people actively looking for work, a sign of a healthy labor market.
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