The number of Americans filing for unemployment benefits doesn’t exactly keep traders on pins and needles these days. Unlike the government’s monthly jobs report, it doesn’t inspire Twitter hashtags, media live blogs or prompt sharp short-term market moves.
But the less-heralded weekly jobless claims, due Thursday morning, still matter a great deal, perhaps now more than ever. They are useful for gauging the state of the labor market in a relatively real-time manner. Based on the past year’s trend, historically low…
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