Jobless claims fall to pandemic low of 290,000, as businesses shun layoffs and hire more workers

Jobless claims fall to pandemic low of 290,000, as businesses shun layoffs and hire more workers
·3 min read

The number of Americans who recently lost jobs and applied for unemployment benefits fell again in mid-October to a new pandemic low, as companies shied away from layoffs amid the biggest labor shortage in decades.

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