The numbers: The number of Americans who applied for unemployment benefits last week fell to a nine-month low of 198,000, defying expectations that layoffs would rise as higher U.S. interest rates pinched the economy.
New jobless claims declined from a revised 211,000 in the prior week, the government said.
New jobless claims slid below the 200,000 mark for the first time…
This story from marketwatch.com was posted on 2023-10-19 by @frostspark.