jobless

Separately, the Labor Department released updated weekly jobless claims that suggest layoffs didn’t rise sharply during the government shutdown, which ended last week.

“A cut is still possible if jobless claims, retail sales, and anecdotes about Black Friday spending show enough weakness, or if the September unemployment rate deteriorates more than we expect.”

Initial jobless claims, a volatile weekly data set, have also edged lower in the weeks since mid-October.

While the low level of jobless claims in October is good news, it doesn’t reveal much about the health of the U.S. job market.

While the low level of jobless claims in October is good news, it doesn’t reveal much about the health of the U.S. job market.