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Applications for US jobless benefits fall to lowest level in more than 8 months

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( ) -q-18- UNDATED (Correspondent Jeremy House) “fewest since January.”

Applications for unemployment benefits fell to their lowest level in eight months last week.

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TAG: Correspondent Jeremy House reporting. The four-week moving average of claims ticked down by 1,000 to 205,750. Overall, 1.73 million people were collecting unemployment benefits the week that ended Oct. 7, about 29,000 more than the previous week.

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VERBATIM: Businesses are continuing to retain workers despite elevated interest rates meant to cool the economy and labor market. The Labor Department reports jobless claim applications fell by 13,000 to 198,000 for the week ending October 14. That’s the fewest since January.

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