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Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness
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Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness

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Initial claims for unemployment insurance were expected to total 235,000 for the week ending Sept. 20.

Initial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and elsewhere that the labor market is in danger. First-time filings for the week ended Sept. 20 totaled a seasonally ad... [3092 chars]

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Source: CNBC

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