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QVMS - Weekly Initial Claims Hit An 11-Week High But Remain Below The Pre-Pandemic Level
Invesco S&P SmallCap 600 QVM Multi-factor ETF
Initial claims for regular state unemployment insurance rose 19,000 for the week ending April 30, coming in at 200,000.
Despite some volatility, initial claims remain at an extremely low level by historical comparison.
Continuing labor shortages, along with materials shortages and logistical issues, are likely to continue to slow the recovery in production across the economy and sustain upward pressure on prices.