Layoffs Hit 57-Year Low — So Why Isn’t Anyone Hiring?
U.S. jobless claims have fallen near a 57-year low, but that does not mean companies are suddenly hiring aggressively. Rising continuing claims reveal the tension inside a low-hire, low-fire labor market as investors look toward the Federal Reserve’s October 28 decision.
10-Year Treasury Yield Hits Highest Level in 24 Years
The 10-year Treasury yield climbed to about 5.34%, breaking above its 2007 peak even after a softer-than-expected inflation report. Now Friday’s jobs report becomes the next major test for whether pressure on long-term borrowing costs continues.