The U.S economy is continuing to grow stronger, according to government data jobless claims hit a near 50-year-low.

 

Market Watch:

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.

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