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Jobless Claims Trending Near Historic Lows Despite Omicron Concerns
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New applications for unemployment benefits have been hovering near historically low levels in recent weeks, as businesses hold on to workers amid a tight labor market.
Economists surveyed by The Wall Street Journal estimate that initial jobless claims, a proxy for layoffs, held steady at a seasonally adjusted 206,000 in the week ended Dec. 18, a level unchanged from the prior week, and just above the lowest levels in a half-century. The Labor Department will release the latest data at 8:30 a.m.
Read more on wsj.comAbout this in other media
Jobless Claims Expected to Hold Near Historic Lows in Tight Labor Market wsj.com /2 years ago
Equity funds cash in with £14bn haul despite Omicron fears fnlondon.com /2 years ago
Bitcoin exchange balances trend back to historic lows as BTC withdrawals resume in January cointelegraph.com /2 years ago
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