Economic Report: Jobless claims drop 5,000 to 210,000 in mid-October, stick near 50-year low

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It seems every company’s got a job for you. Job openings have hit a record high and layoffs at a nearly 50-year low.

The numbers: 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 U.S. labor market.

Initial jobless claims, one measure of layoffs, dropped by 5,000 to 210,000 in the seven days ended Oct. 13. That matched the average forecast of economists polled by MarketWatch.

The monthly average of new claims edged up by 2,000 to 211,750, the government said Thursday.

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