US jobless claims fall to 196,000, lowest since mid-July

Initial jobless claims in the United States fell to 196,000 in the week ended September 12, their lowest level since mid-July, according to data released by the US Department of Labor on Thursday, a day after the Federal Reserve raised interest rates by 25 basis points. Seasonally adjusted claims declined by 10,000 from 206,000 in the previous week. The latest reading was the lowest since the week ended July 18, when claims stood at 189,000. The decline provides another snapshot of the US labou...