Labor Market remains strong, jobless claims at 4 year low

The Labor Market continues to churn quite nicely, with initial jobless claims hovering at a four decade low.  The labor market strength is reaching full employment status. Applications submitted to state agencies for unemployment benefits decreased by 5,000 to 271,000 in the week ended Nov. 14 from 276,000 in the previous period, a Labor Department report showed Thursday. The number of claims dipped to 255,000 in mid-July, the fewest since the 1970s. Steady demand has encouraged employers to hold the…

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