The number of Americans losing their jobs and applying for unemployment benefits each week remained near a 49-year low in mid-October, suggesting no visible deterioration in a sturdy U.S. economy.
Initial jobless claims, a rough way to measure layoffs, dropped by 5,000 to 210,000 in the seven days ended Oct. 13. That matched the forecast of economists polled by MarketWatch.
The monthly average of new claims edged up by 2,000 to 211,750.
Source : Market Watch