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Jobless claims fall to 212,000 in late October, still no sign of rising U.S. layoffs

October 24, 2019

The numbers: The number of people who applied for U.S. jobless benefits in mid-October fell slightly and clung near a 50-year low, showing the resilience of strong labor market that’s held up remarkably well in the face of a slowing economy.

Initial jobless claims, a rough way to measure layoffs, fell by 6,000 to 212,000 in the seven days ended Oct. 19, the government said Thursday.

Economists polled by MarketWatch estimated new claims would total a seasonally adjusted 215,000.

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