The least amount of people in five months, filed for unemployment last week- with the number of unemployment claims dropping by 15,000. This is a signal that the overall labor market is healthy, despite some sectors of the economy experiencing challenges. Additionally, this may suggest that employers are putting greater effort into retaining employees, despite economic uncertainty. While this data may appear promising, it is important to note that last week included Labor Day- these figures are generally more unpredictable around holidays and transitions, such as the beginning of the school year.
See "Weekly U.S. Jobless Claims Decline to Lowest Level Since April", Reade Pickert, Bloomberg, September 12, 2019