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US jobless claims hit 57-year low

WASHINGTON: The number of Americans filing new claims for unemployment slipped to a 57-year last week as layoffs remained low against the backdrop of a resilient labor market.Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 189,000 for the week ended October 31, the Labor Department said on Thursday. Economists polled by Reuters had forecast 196,000 claims for…

First reported by The Economic Times 1 source
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  1. The Economic Times

    US jobless claims hit 57-year low (opens The Economic Times in a new tab)

    WASHINGTON: The number of Americans filing new claims for unemployment slipped to a 57-year last week as layoffs remained low against the backdrop of a resilient labor market.Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted…

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