Jobless claims edged up slightly last week, but the broader picture remains strong—unemployment filings are still far below historical norms. With inflation stubbornly at 3.7% and major companies like Verizon and Amazon making workforce adjustments, the Fed may be watching closely for signs of renewed tightening. The four-week average dipped, smoothing out the noise, and the big jobs report Friday could offer more clarity on whether this is a blip or a trend.
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