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Jobless Claims Hold Near Historic Lows, Showing Labor Market Remains Tight

December 23, 2021

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Worker filings for unemployment benefits hovered at the lowest level in more than half a century last week as a strong labor market kept layoffs low, despite rising concerns about the rapid spread of the Omicron variant.

Initial jobless claims, a proxy for layoffs, were unchanged at 205,000 in the week ended Dec. 18, the Labor Department said Thursday.

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