Jobless claims continue to show no stress in labor market
Initial jobless claims edged lower to 197,000 last week, according to a just-released government report. That’s down from 198,000 previously and just below market forecasts for 200,000.
The four-week average dipped to 200,000 from 202,500.
Twenty-four hours from now, markets will get the government’s Nonfarm Payrolls Report for September, with economists expecting 90,000 jobs to have been added and the unemployment rate to hold at 4.1%.