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Layoffs drop to the lowest level since 1969, signaling a tight labor market

Jobless claims have not been this low since 1969, while rising sales and labor shortages are discouraging further layoffs.

Reported · Written up by our desk · Equities

MarketWatch reports that layoffs have fallen to their lowest level since 1969, pointing to a labor market that remains unusually tight.

The outlet says rising sales and an ongoing labor shortage are helping deter job cuts, alongside the drop in jobless claims.

MarketWatch also notes that jobless claims have not reached this level since 1969, a milestone that underscores the strength of hiring conditions for now.

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