Unemployment Claims Drop to 189,000, the Fewest Since Mid-July
- The Labor Department reported on Thursday that initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 189,000 for the week ended October 31, matching the lowest level since mid-July.
- Claims have stayed at or below 200,000 for eight straight weeks, demonstrating consistent labor market stability throughout the fall period.
- The four-week average of claims dipped to 194,750, falling short of the 196,000 forecast by economists polled by Reuters for the latest week.
- Fewer Americans applied for unemployment benefits last week as layoffs remained low, signaling robust job security across the labor market.
- Employers have added an average of 68,000 jobs monthly this year, including 29,000 last month; The Labor Department will release October hiring numbers on Friday.
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(New York = Yonhap News) Correspondent Kim Yeon-sook = The number of weekly new unemployment claims in the United States fell to its lowest level in 57 years, continuing its stability.
US labour market holds firm as weekly lay-offs tumble to 57-year low
The number of Americans filing new claims for unemployment slipped to a 57-year last week as lay-offs remained low against the backdrop of a resilient labour market. Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 189,000 for the week ended October 31, the Labour Department said on Thursday. Economists had forecast 196,000 claims for the latest week. Claims matched the 189,000 level touched in mid-July, which …
The Economic Times
Times of IndiaUS weekly jobless claims at 57-year lows amid low layoffs
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 the latest week.
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