The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, indicating strong job growth for another month as the crisis in the labor market continues.
The US Department of Labor said on Thursday that applications submitted for the first time for government unemployment benefits decreased by 13,000 to 198,000 applications after adjusting for seasonal factors in the week ending October 14.
Economists polled by Reuters had expected 212,000 applications to be recorded that week.
The numbers announced for unemployment claims last week are the lowest in eight months, as companies continue to retain their employees despite high interest rates aimed at calming the economic and labor market conditions in the country.
2023-10-19 13:18:16
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