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DOGE layoffs not a big issue for claims just yet.
Post-Thanksgiving volatility probably drove the jump in initial claims.
The softening in the labor market remains very gradual.
Weak October payrolls were only partly due to strikes and storms.
Hit to payrolls from Milton likely was limited.
Boost from Milton underwhelms, while claims elsewhere drop back.
Helene and strikes obscure the underlying trend.
Little to suggest manufacturing is turning a corner.
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