US weekly jobless claims decline further

There is still no sign that high-profile layoffs, mostly in the technology sector, have had a material impact on the labor market, with economists and policymakers saying these companies over-hired during the pandemic and were not representative of the overall economy. Economists also speculate that severance packages were keeping some laid off workers from filing claims.

from News-Economic Times https://ift.tt/5iJCHNL

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