US hiring holds steady as October announcements hit highest since 2009, mostly temporary roles
Key points
- US jobless claims reportedly fell to a 57-year low, and third-quarter productivity grew faster than expected
- October hiring announcements were the highest for the month since 2009, but mostly temporary and seasonal
- Planned October layoffs rose slightly from September but were well below a year earlier; the report suggests opportunities for Indian job seekers may remain limited
Reports say US initial jobless claims have fallen to a 57-year low, and third-quarter productivity grew faster than expected. October hiring announcements were the highest for the month since 2009, but were largely temporary and seasonal roles tied to the holiday season. Planned layoffs rose slightly from September but were well below a year earlier. The report suggests opportunities for Indian job seekers may remain limited, and competition for visa-sponsored roles could be intense.
Original report: View source ↗Edited with AI assistance. Facts are based on official sources and original reports. For information only; not legal, immigration or insurance advice.