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Indicator Spotlight

Weak Claims, ADP, and ISM Data Point to Fragile Jobs Outlook

by Felix-Antoine Vezina-Poirier, Chief Strategist  

US jobless claims rose to 237k, the highest since July, underscoring fragile labor momentum. While still below the recent 250k peak, claims have been rising steadily since early July, suggesting the labor market weakness seen in the July employment…

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