U.S. jobless claims at four-week low amid tight labor market
By
Katia Dmitrieva
Published
1 Min Read
Katia Dmitrieva
From
Bloomberg
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Job cuts mirror early pandemic levels, and more people than ever are working multiple jobs to keep up with economic needs.
The drop represents a positive change following a spike in unemployment over the summer.
The devastation caused by the hurricane, along with layoffs, have largely contributed to the jump.
Data shows hiring plans at their lowest since 2012.
The drop was lower than economists expected, while big companies continue to announce job cuts.