One Turn
US weekly jobless claims fall to near 60-year low
About 194,000 Americans filed new jobless claims last week, close to the lowest weekly count since the 1960s, the Labor Department said Thursday. A CNBC survey separately found eight in 10 Americans rate the economy as fair or poor.
Why it matters
Low layoffs point to a tight US labor market ahead of the November 3 midterm elections.
Background
Weekly jobless claims are a closely watched indicator of layoffs. Voters have cited living costs as a top concern this election season.
The story so far
- US weekly jobless claims fall to near 60-year low
- US consumer sentiment falls to near-record low before midterms
Sources
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