Jobless Claims: Still Holding Steady

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Initial jobless claims rose slightly, by 7,000, from one week ago to 225,000. The 4-week average declined from -250 to 218,750. Continuing claims also rose slightly, by 6,000, to 1,493,000:

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This is right in the middle of where claims have been for the last 6 months. If anything, there might be a slight rising trend in the last month.

The jobs market remains very tight. Aside from Zuckerberg’s and Musk’s employees in social media, almost nobody is getting laid off.

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