00:00Americans are filing for unemployment benefits at one of the lowest rates in decades,
00:05offering a fresh sign of resilience in the U.S. economy.
00:08New jobless claims fell to 194,000 for the week ending October 17th,
00:14down from 200,000 the previous week and near levels last seen in the late 1960s.
00:20But there's a catch.
00:21While employers are reluctant to lay off workers, hiring remains sluggish,
00:26leaving job seekers with fewer new opportunities.
00:29The result is a low-hire, low-fire labor market that could complicate the Federal Reserve's next move on interest
00:36rates.
