Economic Report: Jobless claims fall to 212,000 in late October, still no sign of rising U.S. layoffs

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The number of people who applied for U.S. jobless benefits in late October fell slightly and clung near a 50-year low, showing the resilience of a strong labor market that’s held up well in the face of a slowing economy. A rough measure of layoffs known as initial jobless claims declined by 6,000 to 212,000.

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