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Analyst: Initial jobless claims fluctuate significantly during the holiday season and cannot be relied upon as a reliable indicator.
Initial jobless claims in the U.S. continued to decline last week, coming in at 199,000—lower than market expectations. Some analysts noted that initial jobless claims tend to fluctuate significantly during holidays and are subject to substantial seasonal adjustments, making them an unreliable basis for compiling economic indices.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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