Unemployment Claims Rising, But From Historic Lows

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Fears of a recession have been spreading across the economy but June’s job report proves the labor market has been so far immune. Initial unemployment claims, however, have been rising steadily in the past few weeks, recently reaching their highest level this year. Paired with reports of big-name companies initiating layoffs and slowing hiring, these claims are causing concern. 

These claims could be a sign of panic but can also be interpreted a very different way. With the layoffs rate holding steadily low at 0.9% and the job openings numbers still very high, the labor market

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