Economic Report: Jobless claims fall to one-month low of 211,000 — labor market stays strong

Most Americans who want a job can find one. Unemployment sits near a 50-year low and there’s no sign of rising layoffs. The numbers: The number of people who applied for unemployments benefits in early November fell to the lowest level in a month and clung near a half-century low, reflecting the resilience of the…

Economic Report: Jobless claims fall to one-month low of 211,000 — labor market stays strong

Most Americans who want a job can find one. Unemployment sits near a 50-year low and there’s no sign of rising layoffs. The numbers: The number of people who applied for unemployments benefits in early November fell to the lowest level in a month and clung near a half-century low, reflecting the resilience of the strongest labor market in decades. Initial jobless claims declined by 8,000 to 211,000 in the seven days ended Nov. 2, the government said Thursday. Economists polled by MarketWatch had forecast new claims to total a seasonally adjusted 215,000.

Jobless claims are the best measure to track layoffs. They usually start to spike right before a recession and decline to low levels during economic expansions. Read: Trade deficit falls to 5-month low as U.S. becomes a net oil exporter What happened: The actual or unadjusted number of jobless claims fell the most in California, Georgia and Virginia. Claims had risen in California last month after raging wildfires and major power outages kept m
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