Weekly jobless claims in the United States slipped to 194,000 for the week ending October 17, hovering near the lowest levels recorded since the 1960s, even as hiring remains tepid and the unemployment rate ticked up to 4.2 percent. The Labor Department data, released Thursday, shows that employers continue to hold onto workers despite an uncertain economic backdrop, with the four-week moving average falling to 197,750.
organisation
US Labor Department
US government department responsible for labor statistics and policy