US Jobless Claims Hover Near 57-Year Low for Fourth Straight Week
Weekly US unemployment claims edged down by 2,000 to 197,000, keeping filings near a 57-year low for a fourth consecutive week and underscoring a labor market that remains unusually tight. But the resilience in claims contrasts sharply with weak payroll creation, after the economy added only 29,000 jobs in September and continuing claims rose by 17,000, suggesting that job security is holding while hiring momentum remains fragile.
