Unemployment Claims Inch Up as Labor Market Slows But Remains Tight
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Number of Americans filing new unemployment claims increased moderately last week, suggesting labor market is slowing
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Claims data still consistent with relatively low layoffs, leveling off from earlier declines
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While job openings declining, still 1.34 open jobs per unemployed person in October
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Wholesale inventories declined 0.4% in October, likely subtracting from GDP growth
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Continuing jobless claims declined in late November after hitting 2-year high, but still elevated due to seasonal factors