The number of people filing new claims for unemployment benefits is expected to have remained near pandemic lows last week as employers continued to hold on to their workers in a tight labor market.

Initial jobless claims, a proxy for layoffs, are expected to total a seasonally adjusted 240,000 for the week that ended on Nov. 26, according to economists surveyed by The Wall Street Journal, following the prior week’s report showing the lowest number of new claims in 52 years.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Conservative social media app Parler planning to relaunch ahead of 2024 election

Parler, one of the Trump-era social media apps that featured little content…

‘I’m fed up:’ Frustrations grow as ADHD drug shortage continues

More than a year after the Food and Drug Administration announced a…

Nate Silver, FiveThirtyEight Founder, Expects to Depart ABC News Amid Layoffs

Nate Silver, the founder and editor of the data-driven news site FiveThirtyEight,…

‘A critical step forward’: New York repeals decades-old ‘walking while trans’ law

In 2008, Bianey García was walking with her boyfriend down Roosevelt Avenue,…