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US weekly jobless claims decline, JPMorgan and Goldman Sachs estimate
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Initial jobless claims in the United States fell to 217,000, indicating that layoffs remained low. However, continuing claims were high, suggesting continued weak hiring. Economists believe the U.S. labor market remains resilient overall, but has fallen into a "neither layoffs nor hiring" situation. Due to the government shutdown, Wall Street's unemployment figures have become a key focus.
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