Market News / Story
US jobless claims fall to 197,000, lower than expected, as layoffs remain low
Invezz ·
Invezz reports: The number of Americans filing new claims for unemployment benefits fell last week, pointing to continued stability in the labor market even as hiring slowed sharply in September. Initial claims for state unemployment benefits declined by 2,000 to a seasonally adjusted 197,000 for the week ended October 3, the Labor Department said Thursday. Economists polled by Reuters had expected 200,000 claims. Claims have remained near 57-year lows for four consecutive weeks,…