Jobless claims are drifting down toward pre-pandemic levels, a sign employers are avoiding layoffs as many workers quit or remain sidelined in a tight labor market.
Economists surveyed by The Wall Street Journal estimate initial claims for jobless benefits, a proxy for layoffs, declined to 260,000 in the week ended Nov. 13, from 267,000 a week earlier. The Labor Department releases claims data on Thursday at 8:30 a.m. ET.
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