What is the overall trend of initial jobless claims in the US labor market over the last several years?
Fed Watching Jobs, but Must Wait for Wages: Rattner

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1.
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2.
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What is the significance of the labor market data according to the discussion?
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3.
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How has the effect on wages been described in relation to the improvement in the jobs situation?
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4.
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What are the implications of low-wage job creation for the overall economic situation?
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5.
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In what way has the importance of the international situation changed in the Federal Reserve's considerations?
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