US Weekly Jobless Claims Near 57-Year Lows Amid Low Layoffs
New claims for unemployment benefits fell to near 57-year lows last week, suggesting job growth picked up in October after September's underwhelming performance.
The number of Americans filing initial claims for unemployment benefits fell to levels near a 57-year low last week. With layoffs remaining low, the data suggested job growth strengthened in October after a weak showing in September, according to the Labor Department’s weekly report released Thursday.