Chart is for illustrative purposes only. Past performance is not necessarily an indication of future results.
Over the last three months, average weekly initial jobless claims have stood at 212,000, near their lowest level in three years. Because initial jobless claims are also a leading economic indicator, these low levels suggest an economy where economic growth can remain positive.
Continuing jobless claims, which track the number of Americans already receiving unemployment benefits, are also at the lower end of their two-year range. Taken together with initial claims, these figures reinforce our view that the labor market remains resilient or good enough to continue to support positive economic growth.
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