The number of Americans applying for unemployment benefits last week fell to the lowest level in seven months with labor market seemingly resistent to the higher interest rates put in to place, in part to cool hiring.

       U.S. applications for jobless claims fell by 13,000 to 216,000 for the week ending Sept. 2, the Labor Department reported Thursday.

       The four-week moving average of claims, which smooths out some of the week-to-week volatility, fell by 8,500 to 229,250.

       Jobless claim applications are seen as representative of the number of layoffs in a given week.

       Overall, 1.68 million people were collecting unemployment benefits the week that ended August 26, about 40,000 fewer than the previous week.

       Also Read

       Unemployment among urban youth down in Q4FY23 but still elevated at 17.3%

       China sees record-high youth unemployment rate at 20.4%, likely to worsen

       Top headlines: Unemployment rate rises to 7.8%, Twitter bans 680k accounts

       Yamuna River reaches record high: Here's how to check water levels online

       China recovery faces pressure after April activity weak, unemployment rises

       $1.8 bn worth assets recovered from economic offenders: Jitendra Singh

       Govt seeks public feedback on draft guidelines for dark patterns

       India needs to clock 8% to become biggest contributor to global growth

       UK will not change immigration policy to secure free trade deal with India

       Inflation likely to be cooled in August, but still above RBI target range

       (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)