The Labor Department also reported that recurring unemployment claims fell to 1.7 million, lower than the market forecast of 1.71 million.
This measure gauges the number of Americans currently receiving unemployment benefits.
The number of Americans filing claims for unemployment benefits and U.S. firms announcing layoffs declined recently, key data that precede the September jobs report show.
The long-term unemployment rate—those who are out of work for 27 weeks or longer as a share of the total unemployed—has been steadily climbing since early 2023.
The number of Americans filing applications for unemployment benefits eased from last week's four-month high as the job market continues to hold steady.
The number of Americans filing applications for unemployment benefits remained stable at the start of August, pointing to a stable national labor market.
The House Ways and Means Committee's Subcommittee on Work and Welfare holds a hearing on reclaiming “forgotten” fraudulent pandemic unemployment funds frozen by banks at 10 a.m. ET on March 5.
ET on Feb. 3 to announce charges in connection with an alleged fraud scheme involving more than 100 stolen identities used to obtain more than $1 million in SNAP and COVID-19 unemployment benefits across more than half a dozen states.
The number of Americans filing for state unemployment benefits climbed above economists' expectations, jumping last week to the highest level since February.