Steady decline in US jobless claims signals healthy labor market

The number of Americans applying for jobless claims decreased slightly, indicating a strong labor market despite high interest rates. The four-week moving average of claims increased slightly, and the number of people collecting unemployment benefits rose. The Federal Reserve has been raising rates to control inflation, but the economy and labor market continue to show resilience. Employers posted more job openings in September, and private employers added 150,000 jobs in October, suggesting ongoing hiring and a sturdy economy.