US: Weekly jobless claims at 57-year low
Reports indicate that the decline in claims reflects low layoffs, while continuing claims have seen a moderate increase.
The number of initial jobless claims in the United States has fallen to 189,000, reaching a 57-year low, according to reports by Investing.com and Action Forex. The data suggests a significant reduction in the volume of layoffs across the US economy. However, reports note that continuing unemployment claims have edged slightly higher during the recent period. Further details have not yet been released.
Sources: Investing.com, The Economic Times, Action Forex
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