Reported 11 months 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