U.S. unemployment claims fell slightly last week, highlighting a tight labor market that is leading to inflationary pressures.
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“The unemployment insurance data continues to run counter to expectations of a softening labor market,” Bloomberg Economics economist Eliza Winger said. is likely to increase in the future,” he said.
The four-week moving average of flat unemployment claims edged up to 193,000.
Before seasonal adjustment, the number of unemployment claims fell to 201,710. Declines were notable in Kentucky and California.
See table for detailed statistics.
Original title:Lower US Jobless Claims, High Labor Costs Show Strong Job Market(excerpt)
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