US jobless claims fall by 10,000 to lowest level since July – Staffing Industry Analysts
The decline could reflect a seasonal swing related to the Labor Day holiday, though broader trends indicate layoffs remain subdued.
The decline could reflect a seasonal swing related to the Labor Day holiday, though broader trends indicate layoffs remain subdued.
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Bloomberg also reported that layoffs picked up, which is consistent with a slowdown in the labor market.
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The decline was unexpected, Bloomberg reported. The median estimate in its survey of economists called for a slight increase.
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