Tight Labor Market Keeping Jobless Claims in Check

By Nick J Adam On Oct 14, 2021

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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