Veytics Intelligence
2026-10-29 · Yahoo

US weekly jobless claims hover near 57-year lows - Yahoo Finance

WASHINGTON, Oct 29 (Reuters) - The number of Americans filing new claims for unemployment benefits hovered near 57-year lows last week amid ‌labor market resilience. Initial claims for state unemployment benefits fell 1,000 to ‌a seasonally adjusted 194,000 for the week ended October 24, the Labor Department said on Thursday. ​Economists polled by Reuters had forecast 199,000 claims for the latest week. Claims have stayed mostly below 200,000 since mid-September and are within striking distance of the 189,000 level touched in mid-July, which was the lowest reading since 1969. Economists ‌view the labor market as ⁠remaining in a "low-hire, low-fire" state.

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