Friday, October 19, 2018

"JOBS OR MOBS": Jobless claims drop 5,000 to 210,000 in mid-October, stick near 50-year low

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 "JOBS OR MOBS"

“The number of Americans losing their jobs and applying for unemployment benefits each week remained near a 49-year low in mid-October,” Jeffry Bartash reports for MarketWatch. “It can’t get a whole lot better in the U.S. job market. Openings just hit a record high, the U.S. unemployment rate has fallen to a 48-year low of 3.7% and hiring remains robust.”

The strong demand for American labor is pushing up wages and benefits, as well, fueling the longest economic expansion in U.S. history, Bartash adds.

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