US jobless claims fall to 19-month low

WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits last week fell to a 19-month low, indicating a balanced labor market, although a labor shortage may keep the pace of employment moderate in October. The US Department of Labor said today that total government jobless claims filed for the first time fell 6,000 to a seasonally adjusted level of 290,000 applications for the week ending October 16. This is the lowest level since mid-March 2020, when the country was in the early stage of the COVID-19 pandemic, and is the second consecutive week in which orders remain below the 300,000 mark, with employers keeping their employees in the face of severe labor shortages. Economists polled by Reuters had expected 300,000 orders in the last week. Claims have fallen from a record peak of 6.149 million in early April 2020. A range of 250-300 thousand applications corresponds to a strong job market.





These were the details of the news US jobless claims fall to 19-month low for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Foodics to become the region’s leading food technology company

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]