The number of first-time unemployment claims in the United States has reached a new high since June, indicating weakness in the labor market.

According to the Securities Times app, the number of initial claims for unemployment benefits in the United States has risen to the highest level since June, further indicating that the labor market is cooling down. Data shows that in the week ending August 30, the number of initial claims for unemployment benefits in the United States increased by 8,000 people to reach 237,000 people, economists had previously expected 230,000 people.