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US jobless claims near 57-year low as September layoffs fall
Original: US jobless claims near 57-year low as layoffs fall in September
Weekly US jobless claims have dropped to levels not seen in nearly 57 years, while planned layoffs also declined in September, pointing to a remarkably resilient American labor market. The data suggests employers are holding onto workers despite broader economic uncertainty, with commentators noting the strength of hiring conditions alongside the low layoff figures.
Why now: Fresh labor market data showing historically low unemployment claims contradicts widespread expectations of a weakening economy.
United StatesUS Labor DepartmentReuters
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- US jobless claims near 57-year low as layoffs fall in September · frank_clover · 6
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