Initial Jobless Claims Rise to Highest Level Since June

BlockBeats News, September 4th: The initial jobless claims in the United States rose to the highest level since June, further proving that the labor market is cooling down. Data shows that in the week ending August 30th, initial jobless claims increased by 8,000 to 237,000. The median forecast from institutions was 230,000. Meanwhile, the continued jobless claims remained flat at 1.94 million. (FXStreet)