Jobless Claims Near a 57-Year Low, but Companies Still Aren’t Hiring - 24/7 Wall St.

Unemployment claims just hit their lowest level since 1969, yet the September jobs report barely moved. Something in the labor market broke, and the break is quiet enough that most people have not noticed it yet. This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Fewer Americans filed new unemployment claims last week than in almost any week in more than half a century. Initial claims fell to 197,000 for the week ended September 26, the lowest since 1969, according to the Labor Department. Claims have now held below 200,000 for three straight weeks. The September jobs report told a different story.