Jobless Claims Fall in Still-Strong Labor Market

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The number of Americans filing new claims for unemployment benefits fell last week as the labor market continued to show few signs of a significant slowdown.Initial claims for state unemployment benefits fell 3,000 to a seasonally adjusted 217,000 for the week ended Nov. 4.

The number of Americans filing new claims for unemployment benefits fell last week as the labor market continued to show few signs of a significant slowdown.

Data last week showed the job market is cooling, with the pace of hiring slowing and unemployment ticking higher, although joblessness - at 3.9% in October - remains historically low. A separate report showed that there were 1.5 job openings for every unemployed person in September, down from around 2-to-1 when the job market was the most tight last year.

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US jobless claims fall in latest week in still-strong labor marketThe number of Americans filing new claims for unemployment benefits fell last week as the labor market continued to show few signs of a significant slowdown.
Source: Reuters - 🏆 2. / 97 Read more »