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U.S. jobless claims fall; productivity slows in Q4

February 2, 2017 In The News 1 min read
Authors:
Jim Baird Wealth Management

The number of Americans filing for unemployment benefits fell more than expected last week, pointing to tightening labor market conditions that should support the economy this year.

While other data on Thursday showed a 37 percent jump in layoffs in January, the job cuts were mostly related to department store closures as retailers try to adjust to consumers' preferences for online shopping.

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