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Jobless Claims Likely Extended Drop Toward Levels Seen Before Covid-19
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Worker filings for unemployment benefits likely extended their downward march last week as they began to approach levels last seen before the Covid-19 pandemic, economists say.
Economists surveyed by The Wall Street Journal estimate that the Labor Department will report Thursday that initial jobless claims, a proxy for layoffs, decreased to 275,000 during the week ended Oct. 30 from 281,000 in the previous week.
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