Initial Jobless Claims were unchanged in the latest week, with 209,000 people filing for unemployment benefits for the first time. This is the fourth straight week that Initial Claims have been below 210,000, remaining near an eight-month low and suggesting that employers are holding on to workers.

Continuing Claims rose by 30,000, with 1.702 million people still receiving benefits after filing their initial claim. This data has moved higher over the last few weeks, and we’ll have to see if this trend continues as some companies have reduced hiring plans.