In August, American employers posted a surprising 9.6 million job openings, up from 8.9 million in July and the first uptick in three months.
WASHINGTON — Applications for unemployment benefits fell to their lowest level in eight months last week as businesses continue to retain workers despite elevated interest rates meant to cool the economy and labor market.
Jobless claim applications fell by 13,000 to 198,000 for the week ending Oct. 14, the Labor Department reported Thursday. That’s the fewest since January.
Jobless claim applications are considered a proxy for layoffs.
The four-week moving average of claims, which flattens out some of
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