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Tag Archives: department of labour

U.S. Jobless Claims Show Modest Drop, but Hiring Remains Tepid

Last week, initial applications for U.S. state unemployment benefits fell slightly, reflecting low layoffs, but hiring remains cautious amid slowing domestic demand. Key Data: Initial claims: 224,000 (down 3,000 from previous week) Forecast: 228,000 claims Continuing claims: 1.953 million (down 15,000), reflecting people remaining on benefits after their first week …

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