U.S. weekly jobless claims near 57-year low
New unemployment benefit claims in the United States decreased to approximately 194,000 requests, a level close to the lowest in 57 years, indicating a stable job market and ongoing decline in layoffs. Despite the reduced demand for labor, the number of ongoing unemployment benefit recipients rose to 1.728 million, reflecting continued limited hiring due to concerns related to the war and inflation. Economists expect interest rates to remain steady in the near future, with a potential increase in December given current market conditions.
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