US Jobless Claims Fall to 57-Year Low; Productivity Surges
New unemployment claims fell to a 57-year low last week, while worker productivity surged in the third quarter. The report also cited uncertainty over the prolonged Middle East conflict as a constraint on hiring.
By Lucia MutikaniThe number of Americans filing new claims for unemployment benefits slipped to a 57-year low last week, pointing to labor market resilience, though uncertainty over the drawn-out conflict in the Middle East is constraining hiring.Other data from the Labor Department on Thursday sho…