14 Articles
14 Articles
US 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.
'Low Hire, Low Fire, Low Inspire': Claims Hit 57 Year Lows, Sentiment Still Sucks, And Payrolls Are Next
'Low Hire, Low Fire, Low Inspire': Claims Hit 57 Year Lows, Sentiment Still Sucks, And Payrolls Are Next Another week, another print showing that American employers still refuse to fire anyone in any meaningful numbers. Initial jobless claims remain parked near multi-decade lows, plunging to 189k this week (after recent weeks in the mid-to-high 190,000s), confirming that the 'low fire' half of the current labor market is intact. Last week's pri…
The first applications for unemployment benefits in the United States fell by 6,000 in the week ending October 31, falling to 189,000, while the market expectation was 197 thousand. Continuing applications increased by 23,000 in the week ending October 24, to 1 million 718k.
The labor market remains resilient.
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