added to the growing list of companies laying off workers, announcing 7,000 and 1,300 jobs cuts, respectively, this week.
U.S. stocks opened higher. The dollar fell against a basket of currencies. U.S. Treasury prices rose.Economists speculated that severance packages were delaying the filing of unemployment benefits claims, while the abundance of vacancies made it easier for laid-off workers to find jobs. The seasonal adjustment factors for 2023 will be updated at the end of March. Applying the average seasonal factors for the prior two years with the same calendar configuration as 2023 would put claims at 210,000 in the latest week and a four-week average of 200,000, according to Conrad DeQuadros, senior economic advisor at Brean Capital.
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