Tags: jobless | claims | labor | workers | economy

Unemployment Claims Tumble to Near 45-Year Low in Sign of Strong Job Growth

Unemployment Claims Tumble to Near 45-Year Low in Sign of Strong Job Growth
Mark-Ray/Dreamstime

Thursday, 02 November 2017 08:47 AM

The number of Americans filing for unemployment benefits fell to a near 44-1/2-year low last week, supporting expectations of a sharp rebound in job growth in October after employment was depressed by hurricane-related disruptions in September.

Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 229,000 for the week ended Oct. 28, the Labor Department said on Thursday. That was not too far from 223,000, a 44-1/2-year low touched in mid-October.

Data for the prior week was revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast claims rising to 235,000 in the latest week. 

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
Economy
The number of Americans filing for unemployment benefits fell to a near 44-1/2-year low last week, supporting expectations of a sharp rebound in job growth in October after employment was depressed by hurricane-related disruptions in September.
jobless, claims, labor, workers, economy
104
2017-47-02
Thursday, 02 November 2017 08:47 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved