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US weekly jobless claims increase, but labor market firming
- On Thursday, The Labor Department reported jobless claims rose to 200,000 last week from a revised 191,000, exceeding the 195,000 forecast by economists.
- Claims have remained at or below 200,000 for nine straight weeks, maintaining historically low levels while layoffs stay rare and most workers enjoy unusual job security.
- The four-week average of claims remained unchanged at 195,250; applications serve as a proxy for layoffs that economists monitor closely to track job market direction.
- Employers added an average of 86,000 jobs per month this year, with a surprisingly strong 165,000 added last month, bolstered by resilient Consumer spending.
- Current hiring momentum reflects improvement from prior conditions when high interest rates and President Donald Trump's unpredictable trade policies had discouraged hiring.
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33 Articles
33 Articles
US jobless claims tick up to 200,000 but remain low by historic standards - Boston News, Weather, Sports
WASHINGTON (AP) — More Americans applied for unemployment benefits last week, but jobless claims remain at historically low levels, layoffs are rare and most workers...
·Boston, United States
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Total News Sources33
Leaning Left4Leaning Right4Center13Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 19%
C 62%
R 19%
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