New applications for US unemployment benefits fell to 189,000 in the week ending October 31, marking their lowest level since 1969.
According to Labour Department data released Thursday, claims declined by 6,000, beating economists’ expectations of 196,000.
September data showed 1.06 job openings for every unemployed American, up from 1.02 in August.
A separate report by Challenger, Gray and Christmas found that employers announced 43,994 job cuts in October, down 71% from the same month last year.
Meanwhile, planned hiring rose 57% annually to 444,692 positions, the highest October figure since 2009. Much of this recruitment is expected to involve temporary holiday jobs.
Continuing unemployment claims increased by 23,000 to 1.718 million. Economists expect October payrolls to rise by 65,000, with unemployment holding at 4.2%.
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Jobless Claims Fall To 57-Year Low of 189,000 https://t.co/LwZNeRzDYK
— Rapid Response 47 (@RapidResponse47) November 5, 2026
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TIPP Staff
