U.S. Economy Shows Resilience Despite Moderate Jobless Claims Rise

Weekly jobless claims rose moderately to 207,000 while layoffs declined in September, signaling still-tight labor market conditions.

The trade deficit shrank to its smallest level in nearly 3 years in August, with exports of capital goods hitting a record high.

U.S. companies announced 47,457 job cuts in September, down 37% from August but up 58% from last year.

Exports rose to a record $256 billion in August, boosted by capital goods shipments, while imports fell on declines in consumer and capital goods.

The tightening trade balance and solid labor market suggest the economy remains resilient, raising the risk of more Fed interest rate hikes.