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Strong US Labor Market Report Left No One Indifferent
Yesterday's reaction to US jobless claims
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Yesterday's reaction to US jobless claims data led to a surge in volatility across both currency and stock markets. As it became known, last week the number of claims fell to its lowest level in more than three years, indicating that employers are still largely retaining employees despite a wave of recent layoffs.The number of initial jobless claims decreased by 27,000 to 191,000 for the week ending November 29. However, it is worth noting that weekly claims data can be
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