U.S. Jobless Claims Held Near Historic Lows Last Week

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New applications for unemployment benefits ticked down past week and hovered adjacent historical lows, a motion the U.S. labour marketplace remains tight contempt indications of an economical slowdown.

Initial jobless claims, a proxy for layoffs, fell to a seasonally adjusted 229,000 past week from the erstwhile week’s revised level of 231,000, the Labor Department said Thursday. That is somewhat supra the 2019 prepandemic play mean of 218,000, erstwhile the occupation marketplace was besides historically tight.

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