Layoffs at ‘Extremely Low Levels’ Despite Gloom

“Applications for unemployment benefits — a proxy for layoffs — have dipped to longtime lows in recent weeks, even as many Americans remain sour about the economy ahead of the Nov. 3 midterm elections,” the Washington Post reports.

“New filings for unemployment benefits have held below 200,000 for four weeks, data released by the Bureau of Labor Statistics on Thursday shows.”

“That’s the longest stretch since the late 1960s.”