DOL Data Shows Jobless Claims Drop to Near 1960s Lows
By PYMNTS
AI summary of the source article
Initial claims for unemployment insurance fell by 6,000 to 194,000 for the week ended October 17. Reports indicate the labor market remains about as steady as it has been since the 1960s.
Key facts
- Initial claims for unemployment insurance reached 194,000 for the week ended Saturday, October 17.
- Claims decreased by 6,000 compared to the previous week.
- Reports indicate the labor market is as steady as it has been since the 1960s.
Source excerpt · PYMNTS
There were 6,000 fewer initial claims for unemployment last week than the previous week, with multiple media reports saying the labor market remains about as steady as it has been since the 1960s. There were 194,000 initial claims for unemployment insurance during the week ended Saturday (Oct. 17), a figure that was 6,000 lower than […] The post DOL Data Shows Jobless Claims Drop to Near 1960s Low…