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U.S. jobless claims hold at four-decade low (Update)

October 13, 2016 In The News 1 min read
Jim Baird Wealth Management

The number of Americans applying for first-time unemployment benefits held at a four-decade low last week, a sign employers are holding on to workers as the labor market tightens.

Initial jobless claims, a proxy for layoffs, were unchanged at 246,000 in the week ended Oct. 8, the Labor Department said Thursday. The latest two weeks registered at the lowest level since November 1973.

Read more on Morningstar >>

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