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Unemployment claims at historic lows amid stagnant job market

The Motley Fool +1 · ·by G4L

  1. 1Weekly new unemployment claims reached 189,000 for the week ending mid-July, the lowest level since 1969.
  2. 2The number of jobs added by employers in September was only 29,000.
  3. 3While new unemployment claims are at historic lows, the labor market remains frozen as employers are not actually increasing hiring.

So what's the key point?

The number of people applying for unemployment benefits was very low at 189,000. However, the job market is frozen because the number of jobs is not growing.

Source The Motley Fool +1 · View original ↗

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