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Jobless claims total 232,000, the lowest level in two months

U.S. weekly jobless claims drop to 232,000

Initial filings for unemployment insurance fell to their lowest level since late June last week, a sign that the labor market is resilient amid a slowing economy.

Claims totaled a seasonally adjusted 232,000 for the week ended Aug. 27, a decline of 5,000 from the previous period and the lowest since June 25, the

.

Economists surveyed by Dow Jones had been looking for 245,000.

Continuing claims increased to 1.44…

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