Weekly jobless claims plunge to 199,000, the lowest level since 1969

The Labor Department’s monthly jobs report, which will be released next week, is expected to shed more light on the complex dynamics of the labor market. While jobless claims have ticked lower in recent weeks, a record 4.4 million Americans, or roughly 3 percent of the labor force, quit their jobs in September, according to data from the Bureau of Labor Statistics.

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