US initial unemployment claims hit 7-month low

Source: Bloomberg
© Scanpix/Reuters
According to Labour Department statistics, claims for unemployment compensations declined to 7-month low. Applications for jobless allowances slipped 5000 last week. On annual basis the jobless claims decreased by 628,000 in October. Decreased number of firings is a signal that companies are considering more employees cutting current employment rate at 9%.

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