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Jobless Claims at Five-Decade Low

The number of Americans filing claims for unemployment benefits hasn’t been this low since Richard Nixon was president, according to new data from the U.S. Labor Department. The figures suggest a tight labor market in which employers are retaining employees because there aren’t as many available qualified workers, Bloomberg reported: Overall, the employment picture remains solid, with payrolls continuing to increase and the unemployment rate at the lowest since late...

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