Reported about 1 month ago
The latest Labor Department data shows that unemployment claims in the U.S. fell by 19,000 to 241,000 for the week ending October 12, returning to recent levels following a significant rise attributed to hurricanes. The four-week average also increased slightly to 236,250. Though the total count of people receiving jobless benefits increased to about 1.87 million, the numbers indicate a general stabilization in job claims, reflecting the Labor Department's ongoing adjustments to economic pressures and the Federal Reserve's rate cuts aimed at supporting the job market.
Source: YAHOO