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Low Preliminary Jobless Claims Replicate Tight Labor Market

Low Preliminary Jobless Claims Replicate Tight Labor Market

The variety of individuals submitting new claims for unemployment advantages is anticipated to have remained close to pandemic lows final week as employers continued to carry on to their employees in a good labor market.

Preliminary jobless claims, a proxy for layoffs, are anticipated to complete a seasonally adjusted 240,000 for the week that ended on Nov. 26, based on economists surveyed by The Wall Avenue Journal, following the prior week’s report displaying the bottom variety of new claims in 52 years.

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