• The Wall Street Journal reports that "weekly initial claims for jobless benefits fell by 7,000 to a seasonally adjusted 751,000 in the week ended Oct. 31, the Labor Department said Thursday. That was the lowest level since mid-March, but was well above the 217,000 claims filed in late February, before economic shutdowns to control the spread of the new coronavirus began.
"The previous week’s data were revised up by 7,000 to 758,000."
The Journal writes that "the labor market has recouped more than half of the 22 million jobs that were lost in March and April, but the pace gains slowed in recent months.
"Employers added 661,000 jobs in September, down from a 1.5 million gain in August."