La­bor mar­ket bell­wether

The Hazleton Standard-Speaker - - STOCKS -

The La­bor De­part­ment re­leases its lat­est weekly tally of ap­pli­ca­tions for un­em­ploy­ment ben­e­fits to­day.

Ap­pli­ca­tions, a proxy for lay­offs, have been wa­ver­ing in re­cent weeks, though they re­main at healthy levels. The num­ber of Amer­i­cans fil­ing ap­pli­ca­tions for un­em­ploy­ment aid de­clined two weeks ago to 239,000. It was the first weekly drop since the fi­nal week of Oc­to­ber. The four-week av­er­age of ap­pli­ca­tions, a less volatile mea­sure, rose to 239,750.

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