The U.S. labor market held strong as September came to a close, with weekly jobless claims holding around recent lows, the Labor Department reported Thursday.
Initial filings for unemployment benefits totaled 207,000 for the week ended Sept. 30, up just 2,000 from the previous period and below the Dow Jones consensus estimate for 210,000.
Continuing claims, which run a week behind, were little changed at 1.664 million, below the 1.68 million estimate from FactSet.
The report comes at a critical time for the economy as the Federal Reserve considers the future of monetary policy. Central bank officials worry that continued tightness in the labor market could exert upward pressure on inflation and necessitate additional interest rate hikes.
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