There were 840,000 new claims filed in the week ended October 3, a drop of 9,000 from the previous week's level, but around four times the level a year ago, according to the data.
Mr O'Hare said the market has become more confident the US election will not be contested following recent polls showing challenger Joe Biden with a widening lead. "The market is getting around the idea that is treatable," he said."The market is not living on the notion that it needs to get this stimulus now."
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