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Weekly US applications for jobless benefits slide to lowest level in 5 months

  • The number of Americans applying for jobless benefits dropped to its lowest level in five months, indicating that the U.S. Labor market continues to remain strong despite the Federal Reserve's efforts to cool it off.
  • U.S. Applications for unemployment benefits decreased by 7,000 to 221,000 for the week ending July 22, the lowest since February.
  • The overall labor market in the U.S. Remains healthy, with a low unemployment rate and consistent job growth, despite high-profile layoffs in the technology sector.
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Winnipeg Free Press broke the news in Winnipeg, Canada on Thursday, July 27, 2023.
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