Jobless claims fall below 300,000 for first time since pandemic. Businesses shun layoffs amid labor shortage

Jobless claims fall below 300,000 for first time since pandemic. Businesses shun layoffs amid labor shortage
·3 min read

Just 293,000 people who recently lost their jobs applied for unemployment benefits in mid-October, pushing new U.S. jobless claims to a pandemic low amid a frantic effort by companies to hire more workers.

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