Reported about 1 month ago
Weekly jobless claims fell unexpectedly to 227,000 for the week ending October 19, the lowest level in almost a month, as the labor market shows signs of resilience despite weather disruptions and strikes. Continuing claims rose to 1.89 million, the highest since November 2021. Economists note that while layoffs remain limited, the job market is characterized by low turnover rates, and expectations for future job growth are cautious as employers retain their workforce amidst economic uncertainties.
Source: YAHOO