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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. 

© 2022 Thomson/Reuters. All rights reserved.


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
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