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Low Initial Jobless Claims Reflect Tight Labor Market
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The number of people filing new claims for unemployment benefits remained near pandemic lows last week as employers continued to hold on to their workers in a tight labor market.
Initial jobless claims, a proxy for layoffs, totaled a seasonally adjusted 222,000 for the week that ended Nov. 27, the Labor Department said Thursday. The data followed the prior week’s report showing the lowest number of new claims in 52 years.
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