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17.04 - 22:09
U.S. Jobless Claims Edge Higher Amid Tight Labor Market
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New applications for U.S. unemployment benefits rose slightly last week, indicating a strong labor market in which employers are holding on to their workers amid high demand.
Initial jobless claims, a proxy for layoffs, rose by 14,000 to a seasonally adjusted 202,000 last week, the Labor Department said Thursday, up from the week before when they reached a revised 188,000, the lowest level in more than 52 years. The four-week moving average, which smooths out volatility, decreased to 208,500 from a revised 212,000.
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