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The Economic Times
The Economic Times
National

US weekly jobless claims near 57-year lows

Unemployment United States Inflation Interest Rates Layoffs Iran US Federal Reserve

WASHINGTON: The number of Americans filing new claims for unemployment benefits dropped to near 57-year lows last week, pointing to low layoffs and labor market stability.

Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 194,000 for the week ended October 17, the Labor Department said on Thursday. Economists polled by Reuters had forecast 200,000 claims for the latest week.

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