Archive · Business Recorder
US weekly jobless claims rise marginally amid low layoffs
WASHINGTON: The number of Americans filing new claims for unemployment benefits increased marginally last week amid low layoffs that are keeping the labour market stable. Initial claims for state unemployment benefits rose 1,000 to a seasonally adjusted 199,000 for the week ended October 10, the Labour Department said on Thursday. Economists polled by Reuters had forecast 200,000 claims for the latest week. It was the fifth straight week that claims remained below the 200,000 level, consistent with what economists said was a “low-hire, low-fire” labour market. The Federal Reserve’s Beige Book ...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →