U.S. jobless claims fall to eight-month low last week

The number of initial jobless claims in the United States fell to an eight-month low last week, and the number of continuing unemployment claims also fell to a three-month low of 1.844 million, reflecting relatively small layoffs in the U.S. labor market, which remains surprisingly resilient. The current low number of initial unemployment claims is consistent with pre-epidemic levels and is also consistent with the job market, that is, companies are generally reluctant to lay off employees. Financial website Forexlive said that at this time of year, it is not a good idea to draw any conclusions about the economy based on initial unemployment claims. There will be some serious seasonal adjustments before and after the holidays. (Jinshi)