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Stock impact report

U.S. jobless claims decline to lowest level since mid-April [Los Angeles Times (CA)]

Verizon Communications Inc. (VZ) 
Last verizon communications inc. earnings: 4/24 07:30 am Check Earnings Report
US:NYSE Investor Relations: verizon.com/about/investors
Initial claims decreased by 6,000 to 216,000 in the week ended Nov. 22. The median forecast in a Bloomberg survey of economists called for 225,000 applications. Continuing claims, a proxy for the number of people receiving benefits, edged up to 1.96 million in the previous week, according to Labor Department data released Wednesday. Wednesday's figures indicate employers are still largely retaining current employees as they have pulled back on bringing in new hires. Though there have been an increasing number of job cut announcements by large companies in recent weeks, including Verizon Communications Inc. and Amazon.com Inc., there hasn't been a notable pickup in actual layoffs yet. Recurring claims have largely trended upward since September and remain near levels last seen when the labor market was recovering from the pandemic. Though the level of initial applications remains subdued, it has become harder for those who are already unemployed to find a new job. The weekly c Show less Read more
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