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Axios

Business

Rock-bottom jobless claims might be overstated

JPMorgan Unemployment

Data: FactSet, Department of Labor; Chart: Alice Feng/Axios

Over the last few months, there's been a steady stream of large, high-profile layoffs — while unemployment claims remain at rock-bottom levels.

Why it matters: The apparent discrepancy is stark enough that some folks have started asking if generous severance packages are keeping this key measure of the labor market artificially low. JPMorgan analysts decided to tackle the question.

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