Weekly jobless claims total 199,000, reaching the lowest since1969

New jobless claims fell far more than expected to the lowest level since November 1969 last week, underscoring the present tight labor market conditions as initial unemployment claims near 2019 levels while job openings hold near record highs. 

The Labor Department released its jobless claims report on Wednesday, a day earlier than usual due to the Thanksgiving holiday. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:

  • Initial unemployment…

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