Investing.com - The number of Americans filing new applications for jobless benefits rose modestly last week and a gauge of its trend fell, pointing to ongoing tightening in the labor market that could push the Federal Reserve to raise interest rates.
Initial claims for state unemployment benefits rose 10,000 to a seasonally adjusted 277,000 for the week ended Sept. 26, the Labor Department said on Thursday.
It was the 30th straight week that claims remained below the 300,000 threshold, which is usually associated with a strengthening labor market.
The labor market has remained on solid footing, despite a recent global stock market sell-off, which has boosted expectations the Fed could hike rates this year or in early 2016.