US labour market holds firm as weekly lay-offs tumble to 57-year low - South China Morning Post

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Hiring plans are the highest for any October since 2009, and likely mostly seasonal jobs heading into the holidays Initial claims for state unemployment benefits fell 6,000 to a seasonally adjusted 189,000 for the week ended October 31, the Labour Department ‌said on Thursday. Economists had forecast 196,000 claims for the latest week. Claims matched the 189,000 level touched in mid-July, which was the lowest reading since 1969. They have stayed mostly below 200,000 since mid-September.