The number of initial jobless claims in the United States is approaching a 57-year low

Last week, the number of new applications for unemployment benefits in the United States fell to the lowest level in nearly 57 years. The U.S. Department of Labor stated that for the week ending October 17, the number of initial unemployment claims decreased by 6,000, seasonally adjusted to 194,000, close to the low of 189,000 in mid-July.