US jobless claims fall to 197,000 as layoffs remain low - https://www.indiagazette.com/

WASHINGTON, D.C.: U.S. jobless claims remained near their lowest levels in 57 years for a fourth consecutive week, signaling that layoffs remain historically low even as hiring has slowed sharply. Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 197,000 for the week ended October 3, the Labor Department said on October 8. Economists had forecast 200,000 claims. Claims have remained below 200,000 since the second week of September. California and Illinois were the only states to report an increase in unadjusted applications of more than 1,000.