U.S. initial jobless claims drop to lowest in almost 44 years
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Thousands of federal and contract employees have already lost their jobs, but the true impact on these workforces has yet to be seen.
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.