Jobless claims declined to 293,000 last week, the first time they fell below 300,000 since the pandemic began
Unemployment claims are holding near the lowest levels since early 2020, as employers cling to workers in a competitive labor market.
Economists surveyed by The Wall Street Journal estimate jobless claims fell to 318,000 last week from 326,000 a week earlier. Claims, a proxy for layoffs, remain near their lowest levels since the coronavirus pandemic’s onset. Initial claims reached a pandemic low of 312,000 in the week ended Sept. 4.
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