SINGAPORE – Two essential knowledge factors from final week affirm that, overhanging fears of Omicron apart, financial development is beginning to choose up.
First, US weekly jobless claims tumbled throughout the first week of December, reflecting tightness throughout the labour market. The preliminary filings for unemployment insurance coverage which totalled 184,000 for the week ended Dec 4 had been the bottom going again 52 years to Sept 6, 1969.
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