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04.11 - 06:01
Jobless Claims Fell Last Week in Still-Tight Labor Market
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U.S. worker filings for jobless benefits fell last week, a sign layoffs remain low in a tight labor market.
Initial jobless claims, a proxy for layoffs, decreased to a seasonally adjusted 214,000 last week from 226,000 the week before, the Labor Department said Thursday. Claims are up from earlier this year but remain near their prepandemic 2019 weekly average of 218,000, when the labor market was also historically strong.
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