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Jobless Claims Hit 57-Year Low, Yet US Savings Rate Plunges

MarketWatch +1 ·

  1. 1US weekly new jobless claims came in at 197,000, nearing their lowest level since 1969
  2. 2Below the 200,000 forecast, with continuing claims returning to a cyclical low and income/spending trending upward
  3. 3Analysts say low-hiring, no-fire economy is driving inflation that erodes savings as households maintain living standards

Source MarketWatch +1 · View original ↗

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