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Stagnant Jobless Claims Suggest Softening Labor Market



  • Both initial and continuing jobless claims were unchanged from the previous week, at 230K and 1702K, respectively.
  • The data indicate that the moderate strength of labor conditions evident in the second half of 2022 has subsided, with the labor market showing slight weakness in recent months.

Source: Helios Quantitative Research, Bloomberg, Department of Labor