This is one of the final economic data releases before the Federal Reserve holds its FOMC meeting next week.
"Jobless claims become especially important at times like this," said High Frequency Economics' Jim O'Sullivan."While the precise relationship between claims and net employment growth varies -- the pace of new hiring also matter -- significant ups and downs in the trend in employment growth are invariably reflected in downs and ups in claims; that is the clear mess from our chart below."
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