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US claims hit 57-year low
New claims for unemployment benefits in the United States fell by 6,000 to 189,000 in the week ended October 31, below analysts’ forecast of 196,000. That was the lowest level since 1969 and a sign of fewer layoffs. Companies announced 43,994 job cuts in October, down 71% from the same month in 2025. Meanwhile, worker productivity rose 3.6% in the third quarter, and unit labor costs fell 0.7%. Higher productivity and slower labor-cost growth give the Federal Reserve more room to tackle inflation, as markets await the jobs report and expect 65,000 jobs to have been added in October.
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