Political | Process

Weekly jobless claims higher than estimates, 206,000 up from the previous week’s revised tally of 188,000, economic recovery remains uneven;

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The latest JOLTS report on job openings sits near a record 11.03 million.

  • On Wednesday, Federal Reserve Chairman Jerome Powell, confirmed many Americans are deciding to remain home for reasons including fears about the omicron variant along with lack of childcare, and eldercare options.
  • The latest JOLTS report on job openings sits near a record 11.03 million while the number of people quitting their jobs fell slightly in October to 4.2 million, from 4.4 million in September, the third-highest number of monthly resignations on record.
  • Despite the strong labor market, policymakers see unemployment dropping to 3.5% next year.

SOURCE: FOXBUSINESS

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