US jobless claims fall to near 44-1/2-year low

Economic Indicators Reuters

A job seeker fills out an application at the King Soopers grocery store table at a job fair at the Denver Workforce Center in Denver, Colorado, U.S. February 15, 2017. REUTERS/Rick Wilking (Copyright Reuters 2017)

WASHINGTON, Nov 2 (Reuters) - The number of Americans filing for unemployment benefits fell to a near 44-1/2-year low last week, supporting expectations of a sharp rebound in job growth in October after employment was depressed by hurricane-related disruptions in September.

Continue Reading Below

Initial claims for state unemployment benefits decreased 5,000 to a seasonally adjusted 229,000 for the week ended Oct. 28, the Labor Department said on Thursday. That was not too far from 223,000, a 44-1/2-year low touched in mid-October.

More from FOX Business

Data for the prior week was revised to show 1,000 more applications received than previously reported. Economists polled by Reuters had forecast claims rising to 235,000 in the latest week.

(Reporting By Lucia Mutikani; Editing by Andrea Ricci)

What do you think?

Click the button below to comment on this article.