business π US jobless claims dip, labor market stays strong
New weekly jobless claims in the U.S. dropped to 197,000, signaling a strengthening labor market. This data came from the Labor Department in the U.S. The claims are near 57-year lows, and the four-week moving average also declined to 202,250. Economists see these trends as consistent with a stable jobless rate, potentially nearing 4% soon. The Labor Department is expected to release the September jobs report next week, anticipating 52,500 new jobs. π