Register now for FREE unlimited access to reuters.com"While the latest data should be taken with a grain of salt given seasonal adjustments, we may be entering a stretch when lower-than-average layoffs continue until the 'Great Resignation' fades," said Robert Frick, corporate economist at Navy Federal Credit Union in Vienna, Virginia.
"The big jump in filings before seasonal adjustment was not fully realized, and the tight labor market may be limiting the amount of seasonal layoffs that take place around this time of year relative to norms," said Daniel Silver, an economist at JPMorgan in New York.rose against a basket of currencies. U.S. Treasury prices were mostly higher.A job seeker leaves the job fair for airport related employment at Logan International Airport in Boston, Massachusetts, U.S., December 7, 2021.
Labor market tightness bolsters Federal Reserve Chair Jerome Powell's view that the U.S. central bank should consider speeding up the winding down of its massive bond purchases at its policy meeting next week. It also puts an early Fed interest rate increase on the table.
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