The number of Americans filing new applications for jobless benefits declined last week as layoffs remained low, which could help to allay fears that the labor market was deteriorating. The weekly jobless claims report from the Labor Department on Thursday,

US jobless claims fell to a 2-month low last week, indicating layoffs remain low despite labor market cooling. The report could influence the Federal Reserve's plans for interest rate cuts.

A step-down in hiring, which pushed the unemployment rate to a near three-year high of 4.3 per cent in July rattled investors and fanned concerns that a recession was stalking the economy

The number of Americans filing new applications for jobless benefits declined last week as layoffs remained low, helping to allay fears that the labor market was deteriorating. The weekly jobless claims report from the Labor Department on Thursday,

Initial filings for unemployment benefits in New York dropped last week compared with the week prior, the U.S. Department of Labor said Thursday. New jobless claims, a proxy for layoffs, fell to 15,184 in the week ending August 31,