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SQQQ - Weekly Initial Claims For Unemployment Benefits Ease Back After 3 Consecutive Increases
ProShares UltraPro Short QQQ
Initial claims for regular state unemployment insurance fell to 326,000 for the week ending October 2.
The labor market remains tight with the number of open jobs hitting a new record high in July.
Businesses and consumers are adapting to the new Covid world, but the waves of new cases will continue to disrupt activity and create uncertainty for the economic outlook.