Livewire
Jobless claims near the lowest since the 1960s as low-fire trend continues
The labor market remains in a low-hire, low-fire environment even as weekly claims stay near multi-decade lows.
✓Source-backed summarySource: CNBC
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Key developments
- Initial filings for unemployment insurance slipped to a seasonally adjusted 194,000 for the week ending Oct. 17, below expectations.
- That marked another leg lower in the low-fire trend, with the total just off the 189,000 reported for the week of July 18.
- Claims have averaged 212,000 over the past year, and the four-week moving average is down to 197,750.
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