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Despite Mass Layoffs, Jobless Claims Continue To Slide
Despite Mass Layoffs, Jobless Claims Continue To Slide It appears the mysterious Q2 labor market weakness seen in initial jobless claims data is over. The number of American filing for unemployment benefits for the first fell was 213k last week. Continuing jobless claims also slipped from 1.401mm to 1.379mm Americans. Non-Seasonally-adjusted initial jobless claims bounced very modestly of record lows last week... This improvement comes as economic growth weakens, stocks crash
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