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Jobless claims remain low, but planned layoffs jump to three-year high
Jobless claims remain low, but planned layoffs jump to three-year high

Initial claims for jobless benefits rose slightly last week from a 15-year low while planned layoffs surged in April to a three-year high, providing mixed signals about the health of the labor market ahead of Friday's jobs report. About 265,000 people applied for first-time unemployment benefits last week, up from the previous week's 262,000, the Labor Department said Thursday. Economists had expected claims to rise to 280,000 after hitting the lowest level since 2000 the previous week. The four-week average, which smooths out some volatility, fell to 279,500 last week. That was the lowest level since May 2000. Despite that upbeat data, other labor market indicators...

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