US Unemployment Claims Fell by 4,000 in Week Ended Sep 21 2024
The steady employment situation bodes well for the economic recovery, justifying the Federal Reserve’s interest rates cut
By News Desk
Published - Sep 26, 2024, 04:43 PM ET
Initial claims for U.S. jobless insurance fell by 4,000 in the week ended Sep 21, 2024, the U.S. Department of Labor reported.
The robust show in the labor market justifies the Federal Reserve’s decision earlier this month to cut interest rates by a solid 50 percentage points for the first time since 2022. The central bank had kept the interest rates high over the period in an attempt to achieve a 2 percent inflation target.
Here are a few charts to explain the latest jobless insurance claims.
